https://www.taxtmi.com/caselaws?id=98349 Copper cable used in a centralised air conditioning plant was treated as capital goods eligible for Modvat credit under Rule 57Q because the plant was integral to maintaining the temperature and atmosphere required for watch manufacturing. The Tribunal applied earlier decisions recognising that an air conditioning plant, and its parts, qualify as capital goods when they are essential to the manufacturing process. On that basis, the Revenue challenge failed and the credit was allowed. en-us Wed, 30 Aug 2000 00:00:00 +0530 Fri, 20 Jan 2012 12:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98349 Copper cable used in a centralised air conditioning plant was treated as capital goods eligible for Modvat credit under Rule 57Q because the plant was integral to maintaining the temperature and atmosphere required for watch manufacturing. The Tribunal applied earlier decisions recognising that an air conditioning plant, and its parts, qualify as capital goods when they are essential to the manufacturing process. On that basis, the Revenue challenge failed and the credit was allowed. Case-Laws Central Excise Wed, 30 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98349