https://www.taxtmi.com/caselaws?id=95578 Modvat credit was held unavailable for welding electrodes used to repair damaged or worn machinery in factory maintenance because such electrodes did not qualify as capital goods under Rule 57Q. By contrast, foundry chemicals were treated as eligible inputs in the manufacturing process, and credit could not be denied merely because they were initially declared under the wrong rule. The discussion reflects the principle that substantive eligibility under the Modvat scheme prevails over a defective declaration, while maintenance materials that do not satisfy the capital goods definition remain outside credit entitlement. en-us Mon, 24 Jan 2000 00:00:00 +0530 Tue, 13 Dec 2011 15:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95578 Modvat credit was held unavailable for welding electrodes used to repair damaged or worn machinery in factory maintenance because such electrodes did not qualify as capital goods under Rule 57Q. By contrast, foundry chemicals were treated as eligible inputs in the manufacturing process, and credit could not be denied merely because they were initially declared under the wrong rule. The discussion reflects the principle that substantive eligibility under the Modvat scheme prevails over a defective declaration, while maintenance materials that do not satisfy the capital goods definition remain outside credit entitlement. Case-Laws Central Excise Mon, 24 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95578