https://www.taxtmi.com/caselaws?id=93442 Modvat credit under Rule 57Q was admissible on an air circuit breaker treated as capital goods because it performed the function of capital goods under the pre-amendment excise definition. The earlier Tribunal view that functional use, rather than express naming, governed eligibility was applied, and the fact that the item was an independent electrical device did not by itself defeat credit. On that reasoning, the credit was allowed and the Revenue's objection was rejected. en-us Fri, 03 Mar 2000 00:00:00 +0530 Fri, 11 Nov 2011 13:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93442 Modvat credit under Rule 57Q was admissible on an air circuit breaker treated as capital goods because it performed the function of capital goods under the pre-amendment excise definition. The earlier Tribunal view that functional use, rather than express naming, governed eligibility was applied, and the fact that the item was an independent electrical device did not by itself defeat credit. On that reasoning, the credit was allowed and the Revenue's objection was rejected. Case-Laws Central Excise Fri, 03 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93442