https://www.taxtmi.com/caselaws?id=92699 A transformer was treated as capital goods eligible for credit under Rule 57Q because the expression was construed broadly to cover items used in producing or processing goods and instruments necessary for manufacturing activity, not only goods directly used in turning out the final product. Applying the Larger Bench ruling in Jawahar Mills, the Tribunal held that the transformer fell within that scope and credit was admissible. The discussion of Notifications No. 11/95-NT and 14/96 did not change the result for the relevant period, and the retrospectivity issue was treated as academic. en-us Sat, 10 Jul 1999 00:00:00 +0530 Fri, 04 Nov 2011 14:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92699 A transformer was treated as capital goods eligible for credit under Rule 57Q because the expression was construed broadly to cover items used in producing or processing goods and instruments necessary for manufacturing activity, not only goods directly used in turning out the final product. Applying the Larger Bench ruling in Jawahar Mills, the Tribunal held that the transformer fell within that scope and credit was admissible. The discussion of Notifications No. 11/95-NT and 14/96 did not change the result for the relevant period, and the retrospectivity issue was treated as academic. Case-Laws Central Excise Sat, 10 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92699