https://www.taxtmi.com/caselaws?id=92756 Capacitors were treated as capital goods for Modvat credit under Rule 57Q because earlier Tribunal views restricting the scope had been displaced by a Larger Bench and Supreme Court-supported interpretation favouring a wider reading. On that approach, the other disputed electrical items, including power transistor, diodes, voltage selector, output sockets, supply plug, thermal overload and on/off switch, also fell within Explanation I to Rule 57Q as eligible capital goods. The common order therefore sustained Modvat credit on all disputed items and rejected the Revenue's objection. en-us Fri, 01 Oct 1999 00:00:00 +0530 Fri, 04 Nov 2011 18:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92756 Capacitors were treated as capital goods for Modvat credit under Rule 57Q because earlier Tribunal views restricting the scope had been displaced by a Larger Bench and Supreme Court-supported interpretation favouring a wider reading. On that approach, the other disputed electrical items, including power transistor, diodes, voltage selector, output sockets, supply plug, thermal overload and on/off switch, also fell within Explanation I to Rule 57Q as eligible capital goods. The common order therefore sustained Modvat credit on all disputed items and rejected the Revenue's objection. Case-Laws Central Excise Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92756