https://www.taxtmi.com/caselaws?id=98555 Modvat credit under Rule 57Q was allowed for insulated cables because binding precedent treated wires and cables as capital goods, and for synthetic tapes because they functioned as part of ring frame machinery driving the spindles. Credit was disallowed for air tight doors, as no technical material showed them to be a component of dehumidification machinery, and for the Electronic Yarn Evenness Tester, which fell under Chapter Heading 84.71 and was not covered as quality control equipment during the relevant period. The penalty was reduced to reflect the mixed outcome on credit entitlement. en-us Tue, 03 Jul 2001 00:00:00 +0530 Sat, 21 Jan 2012 11:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98555 Modvat credit under Rule 57Q was allowed for insulated cables because binding precedent treated wires and cables as capital goods, and for synthetic tapes because they functioned as part of ring frame machinery driving the spindles. Credit was disallowed for air tight doors, as no technical material showed them to be a component of dehumidification machinery, and for the Electronic Yarn Evenness Tester, which fell under Chapter Heading 84.71 and was not covered as quality control equipment during the relevant period. The penalty was reduced to reflect the mixed outcome on credit entitlement. Case-Laws Central Excise Tue, 03 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98555