https://www.taxtmi.com/caselaws?id=103504 Steel pipes used as parts of plant may qualify as capital goods for Modvat credit where the statutory definition covers machinery, plant, equipment, and their components, spare parts and accessories used in production, and the relevant notification recognises steel pipes within that framework. Molecular Sieve used to absorb moisture from nitrogen gas may be treated as an input for Modvat credit, even if it was initially claimed as capital goods, because credit depends on actual use in the manufacturing process rather than the label applied by the assessee. On these principles, credit was admissible on both items. en-us Tue, 17 Apr 2001 00:00:00 +0530 Thu, 23 Feb 2012 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103504 Steel pipes used as parts of plant may qualify as capital goods for Modvat credit where the statutory definition covers machinery, plant, equipment, and their components, spare parts and accessories used in production, and the relevant notification recognises steel pipes within that framework. Molecular Sieve used to absorb moisture from nitrogen gas may be treated as an input for Modvat credit, even if it was initially claimed as capital goods, because credit depends on actual use in the manufacturing process rather than the label applied by the assessee. On these principles, credit was admissible on both items. Case-Laws Central Excise Tue, 17 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103504