https://www.taxtmi.com/caselaws?id=101993 Items essential for use in, or in relation to, manufacture were treated as capital goods under Rule 57Q for Modvat credit. The items were examined by function and found to perform a similar role to those covered by the settled interpretation in Jawahar Mills Ltd., as affirmed by the Supreme Court. Because binding precedent had already clarified the scope of capital goods, there was no separate basis to deny credit. The disputed items were therefore held eligible, and the Revenue's challenge failed. en-us Thu, 14 Mar 2002 00:00:00 +0530 Mon, 13 Feb 2012 13:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101993 Items essential for use in, or in relation to, manufacture were treated as capital goods under Rule 57Q for Modvat credit. The items were examined by function and found to perform a similar role to those covered by the settled interpretation in Jawahar Mills Ltd., as affirmed by the Supreme Court. Because binding precedent had already clarified the scope of capital goods, there was no separate basis to deny credit. The disputed items were therefore held eligible, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 14 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101993