https://www.taxtmi.com/caselaws?id=93059 Rule 57Q of the Central Excise Rules, 1944 was understood to extend Modvat credit to components, spare parts and accessories used in machinery for producing or processing goods. The Tribunal's earlier view was treated as controlling, and no distinction was accepted merely because the machinery had been installed before 1-3-1994. Credit remained available where duty on the components, spare parts or accessories was paid on or after that date, even if they were used in pre-existing machinery. The Revenue's contrary position was rejected, and the article confirms the eligibility of such items as capital goods for credit purposes under Rule 57Q. en-us Mon, 15 Nov 1999 00:00:00 +0530 Tue, 08 Nov 2011 10:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93059 Rule 57Q of the Central Excise Rules, 1944 was understood to extend Modvat credit to components, spare parts and accessories used in machinery for producing or processing goods. The Tribunal's earlier view was treated as controlling, and no distinction was accepted merely because the machinery had been installed before 1-3-1994. Credit remained available where duty on the components, spare parts or accessories was paid on or after that date, even if they were used in pre-existing machinery. The Revenue's contrary position was rejected, and the article confirms the eligibility of such items as capital goods for credit purposes under Rule 57Q. Case-Laws Central Excise Mon, 15 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93059