https://www.taxtmi.com/caselaws?id=97863 Electrodes, iron bars and M.S. plates used to repair parts of a sugar factory plant were held eligible for Modvat credit under Rule 57Q as accessories of capital goods. The Tribunal applied the settled view that Rule 57Q covered machines, plant, equipment and their components, spare parts and accessories, and found that structurals forming part of the plant, when used for repair, fell within that expression. On that basis, denial of credit could not be sustained, and the disallowance of credit, recovery and penalty were unsustainable. en-us Thu, 19 Jul 2001 00:00:00 +0530 Wed, 18 Jan 2012 13:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97863 Electrodes, iron bars and M.S. plates used to repair parts of a sugar factory plant were held eligible for Modvat credit under Rule 57Q as accessories of capital goods. The Tribunal applied the settled view that Rule 57Q covered machines, plant, equipment and their components, spare parts and accessories, and found that structurals forming part of the plant, when used for repair, fell within that expression. On that basis, denial of credit could not be sustained, and the disallowance of credit, recovery and penalty were unsustainable. Case-Laws Central Excise Thu, 19 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97863