https://www.taxtmi.com/caselaws?id=92692 Transformer oil used in a transformer was considered eligible for Modvat credit under Rule 57Q as an input or capital good. The Tribunal applied later Larger Bench rulings on the wider scope of capital goods and inputs used in manufacture, and treated the earlier view in NGEF Ltd. as no longer governing the field after Jawahar Mills Ltd. It accepted that transformer oil used in connection with transformer functioning fell within the credit scheme and rejected the Revenue's factual distinction. The result was that credit eligibility was affirmed and the Revenue's challenge failed. en-us Fri, 25 Jun 1999 00:00:00 +0530 Fri, 04 Nov 2011 14:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92692 Transformer oil used in a transformer was considered eligible for Modvat credit under Rule 57Q as an input or capital good. The Tribunal applied later Larger Bench rulings on the wider scope of capital goods and inputs used in manufacture, and treated the earlier view in NGEF Ltd. as no longer governing the field after Jawahar Mills Ltd. It accepted that transformer oil used in connection with transformer functioning fell within the credit scheme and rejected the Revenue's factual distinction. The result was that credit eligibility was affirmed and the Revenue's challenge failed. Case-Laws Central Excise Fri, 25 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92692