https://www.taxtmi.com/caselaws?id=103982 Rule 57Q was interpreted to allow Modvat credit for goods having a functional nexus with manufacture, including seamless steel tubes used in producing or processing goods; credit was sustained for those tubes. H.R. coils, treated as structural or construction material used for fabrication purposes, were held outside the definition of capital goods and credit was denied for them. The discussion emphasised that capital goods must serve a manufacturing function, while material used merely for structural work does not qualify. en-us Wed, 06 Feb 2002 00:00:00 +0530 Sat, 25 Feb 2012 12:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103982 Rule 57Q was interpreted to allow Modvat credit for goods having a functional nexus with manufacture, including seamless steel tubes used in producing or processing goods; credit was sustained for those tubes. H.R. coils, treated as structural or construction material used for fabrication purposes, were held outside the definition of capital goods and credit was denied for them. The discussion emphasised that capital goods must serve a manufacturing function, while material used merely for structural work does not qualify. Case-Laws Central Excise Wed, 06 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103982