https://www.taxtmi.com/caselaws?id=97783 Rule 57Q capital goods for Modvat credit did not require direct use in the actual manufacturing stream where the goods were machines, plant, equipment, apparatus, tools, appliances, or their components, spare parts and accessories used for producing the final product or processing inputs for manufacture. On that basis, credit remained admissible for the disputed items other than Speco Lube. Speco Lube, being a lubricant, was not within the category of capital goods covered by the rule at the relevant time, so Modvat credit on that item was denied. en-us Fri, 23 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97783 Rule 57Q capital goods for Modvat credit did not require direct use in the actual manufacturing stream where the goods were machines, plant, equipment, apparatus, tools, appliances, or their components, spare parts and accessories used for producing the final product or processing inputs for manufacture. On that basis, credit remained admissible for the disputed items other than Speco Lube. Speco Lube, being a lubricant, was not within the category of capital goods covered by the rule at the relevant time, so Modvat credit on that item was denied. Case-Laws Central Excise Fri, 23 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97783