https://www.taxtmi.com/caselaws?id=100063 Modvat credit was admissible on fibre glass shutter, Gypon terminal, ceramic fibre blanket, grinding elements and grinding media. The Tribunal applied a wide construction of "plant" in the capital goods definition, holding that items necessary to make the manufacturing process possible, even if they do not directly enter the final product, qualify as capital goods; on that basis, the UPS-related items and the kiln insulation blanket were covered. Credit on grinding elements and grinding media was also allowed as inputs, consistent with the cited precedent. The Revenue's appeal therefore failed. en-us Thu, 03 May 2001 00:00:00 +0530 Tue, 31 Jan 2012 11:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100063 Modvat credit was admissible on fibre glass shutter, Gypon terminal, ceramic fibre blanket, grinding elements and grinding media. The Tribunal applied a wide construction of "plant" in the capital goods definition, holding that items necessary to make the manufacturing process possible, even if they do not directly enter the final product, qualify as capital goods; on that basis, the UPS-related items and the kiln insulation blanket were covered. Credit on grinding elements and grinding media was also allowed as inputs, consistent with the cited precedent. The Revenue's appeal therefore failed. Case-Laws Central Excise Thu, 03 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100063