https://www.taxtmi.com/caselaws?id=98168 Slab milling cutters, slitting cutters and cutting blades fitted on milling, slitting and shearing machines qualified as capital goods for Modvat credit under Rule 57Q because they were used in the manufacturing process and were integral to the functioning of the machinery. The record showed they were not mere consumables but components or spares employed for preparing, processing and cutting the final products. On that basis, the items satisfied the requirement for capital goods credit under Rule 57Q of the Central Excise Rules. en-us Wed, 22 Mar 2000 00:00:00 +0530 Thu, 19 Jan 2012 15:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98168 Slab milling cutters, slitting cutters and cutting blades fitted on milling, slitting and shearing machines qualified as capital goods for Modvat credit under Rule 57Q because they were used in the manufacturing process and were integral to the functioning of the machinery. The record showed they were not mere consumables but components or spares employed for preparing, processing and cutting the final products. On that basis, the items satisfied the requirement for capital goods credit under Rule 57Q of the Central Excise Rules. Case-Laws Central Excise Wed, 22 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98168