https://www.taxtmi.com/caselaws?id=94753 Modvat credit under Rule 57Q is admissible only where each item is shown, on specific findings, to be capital goods or spare parts of capital goods within the statutory definition. Credit on gaskets, electrical insulators, spares for control valve packing and copper cables could not be sustained on a broad or cryptic view of use, because the record lacked clear findings on the nature of each item, its manner of use, and how that use satisfied the rule. The order allowing credit was set aside and the matter remanded for fresh determination of eligibility under Rule 57Q. en-us Mon, 21 Jul 1997 00:00:00 +0530 Sat, 03 Dec 2011 15:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94753 Modvat credit under Rule 57Q is admissible only where each item is shown, on specific findings, to be capital goods or spare parts of capital goods within the statutory definition. Credit on gaskets, electrical insulators, spares for control valve packing and copper cables could not be sustained on a broad or cryptic view of use, because the record lacked clear findings on the nature of each item, its manner of use, and how that use satisfied the rule. The order allowing credit was set aside and the matter remanded for fresh determination of eligibility under Rule 57Q. Case-Laws Central Excise Mon, 21 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94753