https://www.taxtmi.com/caselaws?id=103512 Capital goods credit under Rule 57Q was available for electrical items, including APFC relays, panels, control panels and enamelled winding wire, where they supplied electricity to machinery used in manufacture. The relevant test was a direct functional nexus with manufacturing machinery: items recognised by precedent as components or accessories serving the manufacturing process qualified as capital goods. Applying this principle, the disputed electrical equipment was eligible for credit and the Revenue's appeal failed. en-us Tue, 01 May 2001 00:00:00 +0530 Thu, 23 Feb 2012 13:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103512 Capital goods credit under Rule 57Q was available for electrical items, including APFC relays, panels, control panels and enamelled winding wire, where they supplied electricity to machinery used in manufacture. The relevant test was a direct functional nexus with manufacturing machinery: items recognised by precedent as components or accessories serving the manufacturing process qualified as capital goods. Applying this principle, the disputed electrical equipment was eligible for credit and the Revenue's appeal failed. Case-Laws Central Excise Tue, 01 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103512