https://www.taxtmi.com/caselaws?id=104534 Guide Bracket and Crank Disc, as parts of machinery used in the manufacturing process, fall within the inclusive definition of capital goods under Explanation I to Rule 57Q of the Central Excise Rules, 1944. Because the provision covers components, spare parts and accessories of machines, machinery, plant and equipment used for producing or processing goods or for effecting a change in a substance for manufacture, the items were treated as eligible capital goods. Reliance on the Larger Bench decision also supported this construction, and Modvat credit was therefore admissible to the assessee. en-us Tue, 10 Jul 2001 00:00:00 +0530 Wed, 29 Feb 2012 14:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104534 Guide Bracket and Crank Disc, as parts of machinery used in the manufacturing process, fall within the inclusive definition of capital goods under Explanation I to Rule 57Q of the Central Excise Rules, 1944. Because the provision covers components, spare parts and accessories of machines, machinery, plant and equipment used for producing or processing goods or for effecting a change in a substance for manufacture, the items were treated as eligible capital goods. Reliance on the Larger Bench decision also supported this construction, and Modvat credit was therefore admissible to the assessee. Case-Laws Central Excise Tue, 10 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104534