https://www.taxtmi.com/caselaws?id=96242 Capital goods credit under Rule 57Q was considered admissible for a conveyor belt used as essential material handling equipment in cement manufacture. The conveyor belt was treated as necessary for completing the manufacturing process and for moving raw materials within the production chain. Applying the Explanation to Rule 57Q(1), goods used for producing the final product, processing goods for manufacture, or bringing about a change in substances used in manufacture qualify as capital goods where the statutory requirement is met. On that reasoning, credit was allowed on the conveyor belt and the Revenue's challenge failed. en-us Mon, 16 Jul 2001 00:00:00 +0530 Tue, 20 Dec 2011 12:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96242 Capital goods credit under Rule 57Q was considered admissible for a conveyor belt used as essential material handling equipment in cement manufacture. The conveyor belt was treated as necessary for completing the manufacturing process and for moving raw materials within the production chain. Applying the Explanation to Rule 57Q(1), goods used for producing the final product, processing goods for manufacture, or bringing about a change in substances used in manufacture qualify as capital goods where the statutory requirement is met. On that reasoning, credit was allowed on the conveyor belt and the Revenue's challenge failed. Case-Laws Central Excise Mon, 16 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96242