https://www.taxtmi.com/caselaws?id=100126 Electric motors, tube welders and transmitting tubes used in manufacturing black and galvanised tubes were treated as capital goods eligible for Modvat credit under Rule 57Q because they were directly and integrally used in the manufacturing process. The electric motors operated the mill, the tube welders closed the tube ends, and the transmitting tubes supplied the heat needed for welding. Applying the Larger Bench principle that goods used for producing the final product, or for processing goods for its manufacture, may qualify as capital goods, the Tribunal recognised the requisite nexus with manufacture and allowed Modvat credit. en-us Wed, 30 May 2001 00:00:00 +0530 Tue, 31 Jan 2012 12:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100126 Electric motors, tube welders and transmitting tubes used in manufacturing black and galvanised tubes were treated as capital goods eligible for Modvat credit under Rule 57Q because they were directly and integrally used in the manufacturing process. The electric motors operated the mill, the tube welders closed the tube ends, and the transmitting tubes supplied the heat needed for welding. Applying the Larger Bench principle that goods used for producing the final product, or for processing goods for its manufacture, may qualify as capital goods, the Tribunal recognised the requisite nexus with manufacture and allowed Modvat credit. Case-Laws Central Excise Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100126