https://www.taxtmi.com/caselaws?id=96155 Goods used in mines, including dumper, sprag clutch, nylon tyre, hanger castings and bucket elevator, were held not to qualify as capital goods under Rule 57Q, so Modvat credit on those items was disallowed. By contrast, denial of credit on the oil circuit breaker required fresh scrutiny because the Larger Bench guidelines broadened the test for capital goods and the earlier rejection could not stand without reassessment. The matter relating to the oil circuit breaker was therefore remanded for fresh decision, while the disallowance for the other items was upheld. en-us Thu, 26 Apr 2001 00:00:00 +0530 Sat, 17 Dec 2011 16:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96155 Goods used in mines, including dumper, sprag clutch, nylon tyre, hanger castings and bucket elevator, were held not to qualify as capital goods under Rule 57Q, so Modvat credit on those items was disallowed. By contrast, denial of credit on the oil circuit breaker required fresh scrutiny because the Larger Bench guidelines broadened the test for capital goods and the earlier rejection could not stand without reassessment. The matter relating to the oil circuit breaker was therefore remanded for fresh decision, while the disallowance for the other items was upheld. Case-Laws Central Excise Thu, 26 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96155