https://www.taxtmi.com/caselaws?id=95626 Rubber sleeves and wool felts used in the cold finishing of glass shells qualified for Modvat credit under Rule 57A because they functioned as essential aids in manufacture, even though they were consumable and used with machinery. The exclusion clause in the Explanation to Rule 57A did not extend to parts or accessories of machinery merely because they were used with excluded capital goods. Since the items were treated as parts or accessories of the relevant machines and were used to remove defects and achieve fine finishing, credit was admissible. The denial of Modvat credit was set aside in favour of the assessee. en-us Wed, 19 Apr 2000 00:00:00 +0530 Tue, 13 Dec 2011 18:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95626 Rubber sleeves and wool felts used in the cold finishing of glass shells qualified for Modvat credit under Rule 57A because they functioned as essential aids in manufacture, even though they were consumable and used with machinery. The exclusion clause in the Explanation to Rule 57A did not extend to parts or accessories of machinery merely because they were used with excluded capital goods. Since the items were treated as parts or accessories of the relevant machines and were used to remove defects and achieve fine finishing, credit was admissible. The denial of Modvat credit was set aside in favour of the assessee. Case-Laws Central Excise Wed, 19 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95626