https://www.taxtmi.com/caselaws?id=104791 Spares and components used in processing machinery were treated as capital goods under Rule 57Q because they contributed to the manufacture process and were essential to bringing the final product into existence; Modvat credit was therefore available. Goods used in mining operations for extracting limestone, an essential input for cement manufacture, were also held eligible, as input was construed broadly and not restricted to items used only within factory premises. The contrary view was rejected in light of the binding Supreme Court ruling, and credit was allowed for both categories of items. en-us Thu, 14 Mar 2002 00:00:00 +0530 Thu, 01 Mar 2012 12:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104791 Spares and components used in processing machinery were treated as capital goods under Rule 57Q because they contributed to the manufacture process and were essential to bringing the final product into existence; Modvat credit was therefore available. Goods used in mining operations for extracting limestone, an essential input for cement manufacture, were also held eligible, as input was construed broadly and not restricted to items used only within factory premises. The contrary view was rejected in light of the binding Supreme Court ruling, and credit was allowed for both categories of items. Case-Laws Central Excise Thu, 14 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104791