https://www.taxtmi.com/caselaws?id=98607 Selective level meter and PCM Terminal Test Set were treated as capital goods under Rule 57Q because they were used to test electrical equipment at different stages of assembly and thus satisfied the functional test for machines, equipment, apparatus or appliances used in producing or processing goods for manufacture of final products. On that basis, the testing instruments were held eligible for Modvat credit. en-us Thu, 02 Aug 2001 00:00:00 +0530 Sat, 21 Jan 2012 12:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98607 Selective level meter and PCM Terminal Test Set were treated as capital goods under Rule 57Q because they were used to test electrical equipment at different stages of assembly and thus satisfied the functional test for machines, equipment, apparatus or appliances used in producing or processing goods for manufacture of final products. On that basis, the testing instruments were held eligible for Modvat credit. Case-Laws Central Excise Thu, 02 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98607