https://www.taxtmi.com/caselaws?id=101990 Machinery items used in or in relation to the manufacture of cotton yarn were treated as part of the textile machinery and held to fall within the scope of capital goods for Modvat credit under Rule 57Q. Because the items were necessary for the functioning of the plant and the final product could not be manufactured without them, they satisfied the manufacturing nexus required for capital goods treatment. The Revenue appeal was rejected and credit was allowed. en-us Wed, 13 Mar 2002 00:00:00 +0530 Mon, 13 Feb 2012 13:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101990 Machinery items used in or in relation to the manufacture of cotton yarn were treated as part of the textile machinery and held to fall within the scope of capital goods for Modvat credit under Rule 57Q. Because the items were necessary for the functioning of the plant and the final product could not be manufactured without them, they satisfied the manufacturing nexus required for capital goods treatment. The Revenue appeal was rejected and credit was allowed. Case-Laws Central Excise Wed, 13 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101990