https://www.taxtmi.com/caselaws?id=102376 Transformer oil was treated as an integral part of the transformer and, consistent with the departmental circular, was regarded as used in relation to manufacture; it therefore qualified for Modvat credit as input under Rule 57A. The remaining disputed items were found to have been used in the manufacturing process, and that factual basis was not effectively challenged; applying the broader meaning of capital goods under Rule 57Q, as recognised in the Larger Bench view and approved by the Supreme Court, they also qualified for credit. The Revenue's challenge failed, and credit on both transformer oil and the other goods was sustained. en-us Mon, 25 Feb 2002 00:00:00 +0530 Tue, 14 Feb 2012 16:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102376 Transformer oil was treated as an integral part of the transformer and, consistent with the departmental circular, was regarded as used in relation to manufacture; it therefore qualified for Modvat credit as input under Rule 57A. The remaining disputed items were found to have been used in the manufacturing process, and that factual basis was not effectively challenged; applying the broader meaning of capital goods under Rule 57Q, as recognised in the Larger Bench view and approved by the Supreme Court, they also qualified for credit. The Revenue's challenge failed, and credit on both transformer oil and the other goods was sustained. Case-Laws Central Excise Mon, 25 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102376