https://www.taxtmi.com/caselaws?id=93496 Electric motors were treated as capital goods eligible for Modvat credit under Rule 57Q because they functioned as prime movers necessary for machine operation. The hydraulic tracer and flat template were also regarded as components of lathe machines used in manufacture, and the Revenue produced no evidence to displace that finding. On that basis, the goods qualified for Modvat credit as capital goods and the Revenue's challenge failed. en-us Tue, 01 Feb 2000 00:00:00 +0530 Fri, 11 Nov 2011 17:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93496 Electric motors were treated as capital goods eligible for Modvat credit under Rule 57Q because they functioned as prime movers necessary for machine operation. The hydraulic tracer and flat template were also regarded as components of lathe machines used in manufacture, and the Revenue produced no evidence to displace that finding. On that basis, the goods qualified for Modvat credit as capital goods and the Revenue's challenge failed. Case-Laws Central Excise Tue, 01 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93496