https://www.taxtmi.com/caselaws?id=105167 Modvat credit was treated as admissible for castings of iron-pan, spares for hoist, rounds, and roller bearing assemblies when they were functionally used in or in relation to the manufacture or processing of finished goods under Rule 57Q of the Central Excise Rules. Castings of iron-pan were used to collect ferro alloys after manufacture, spares for hoist and rounds were covered by earlier Tribunal decisions, and roller bearing assemblies were regarded as spare parts of machines used in production. The order allowing credit on all disputed items was sustained, and the Revenue challenge was rejected. en-us Wed, 18 Jul 2001 00:00:00 +0530 Fri, 02 Mar 2012 17:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105167 Modvat credit was treated as admissible for castings of iron-pan, spares for hoist, rounds, and roller bearing assemblies when they were functionally used in or in relation to the manufacture or processing of finished goods under Rule 57Q of the Central Excise Rules. Castings of iron-pan were used to collect ferro alloys after manufacture, spares for hoist and rounds were covered by earlier Tribunal decisions, and roller bearing assemblies were regarded as spare parts of machines used in production. The order allowing credit on all disputed items was sustained, and the Revenue challenge was rejected. Case-Laws Central Excise Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105167