https://www.taxtmi.com/caselaws?id=98137 Parts of a spinning machine, including gear pump, spinneret and spinning pot, were treated as eligible for Modvat credit under Rule 57A because they functioned as machine components and did not perform any independent, self-contained function. The exclusion for machines, machinery, plants, equipment, apparatus, tools or appliances was held not to extend to parts and spares of such machinery. Wear and tear requiring replacement reinforced their character as consumable components rather than excluded equipment, and credit was allowed in favour of the assessee. en-us Mon, 07 Feb 2000 00:00:00 +0530 Thu, 19 Jan 2012 13:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98137 Parts of a spinning machine, including gear pump, spinneret and spinning pot, were treated as eligible for Modvat credit under Rule 57A because they functioned as machine components and did not perform any independent, self-contained function. The exclusion for machines, machinery, plants, equipment, apparatus, tools or appliances was held not to extend to parts and spares of such machinery. Wear and tear requiring replacement reinforced their character as consumable components rather than excluded equipment, and credit was allowed in favour of the assessee. Case-Laws Central Excise Mon, 07 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98137