https://www.taxtmi.com/caselaws?id=93289 Modvat credit depended on the functional nexus between each item and manufacture or processing. Item-wise admissibility of tonners, gaskets, respirators, rubber lining, heat pump spares, rubber components, rupture disks and chimney required fresh examination, and that question was remitted. Credit on mild steel, HDPE and chilled water storage tanks was allowed subject to proof that they were used to store raw material or processed material, not merely finished products. Fittings, nuts, bolts and structurals supporting machinery were also remitted for evidence-based reconsideration. Electrical control panels were treated as capital goods, while the credit claim for allied items such as bus bars, circuit breakers, wires, cables, cell racks, switches and lamps was directed to be re-examined. en-us Fri, 31 Mar 2000 00:00:00 +0530 Wed, 09 Nov 2011 16:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93289 Modvat credit depended on the functional nexus between each item and manufacture or processing. Item-wise admissibility of tonners, gaskets, respirators, rubber lining, heat pump spares, rubber components, rupture disks and chimney required fresh examination, and that question was remitted. Credit on mild steel, HDPE and chilled water storage tanks was allowed subject to proof that they were used to store raw material or processed material, not merely finished products. Fittings, nuts, bolts and structurals supporting machinery were also remitted for evidence-based reconsideration. Electrical control panels were treated as capital goods, while the credit claim for allied items such as bus bars, circuit breakers, wires, cables, cell racks, switches and lamps was directed to be re-examined. Case-Laws Central Excise Fri, 31 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93289