https://www.taxtmi.com/caselaws?id=92755 Modvat credit under Rule 57Q was treated as available for LT Bus Duct and Accessories, Heat Exchangers, and fabricated parts of Heat Exchangers because they fell within the statutory definition of capital goods. LT Bus Duct and Accessories were regarded as electrical items used in electric circuits, while Heat Exchangers were treated as equipment used for temperature control through heat exchange. The same reasoning extended to fabricated parts of Heat Exchangers, which were covered by clauses (a) and (b) of the Explanation to Rule 57Q. Credit was therefore admissible on all disputed items and the disallowance was overturned. en-us Fri, 01 Oct 1999 00:00:00 +0530 Fri, 04 Nov 2011 18:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92755 Modvat credit under Rule 57Q was treated as available for LT Bus Duct and Accessories, Heat Exchangers, and fabricated parts of Heat Exchangers because they fell within the statutory definition of capital goods. LT Bus Duct and Accessories were regarded as electrical items used in electric circuits, while Heat Exchangers were treated as equipment used for temperature control through heat exchange. The same reasoning extended to fabricated parts of Heat Exchangers, which were covered by clauses (a) and (b) of the Explanation to Rule 57Q. Credit was therefore admissible on all disputed items and the disallowance was overturned. Case-Laws Central Excise Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92755