https://www.taxtmi.com/caselaws?id=106098 Modvat credit was admissible on lubricating oil, coolants, transformer oil and hydraulic oil used for the effective functioning of machinery in manufacturing. The items were treated as goods used indirectly in or in relation to manufacture under Rule 57A of the Central Excise Rules, 1944, rather than as capital goods under Rule 57Q. The Board circular on transformer oil as an essential coolant supported this treatment, and the same approach was applied to similar consumables used to keep machinery operating properly. The departmental objection was rejected and credit on the disputed items was sustained. en-us Fri, 14 Dec 2001 00:00:00 +0530 Mon, 12 Mar 2012 16:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106098 Modvat credit was admissible on lubricating oil, coolants, transformer oil and hydraulic oil used for the effective functioning of machinery in manufacturing. The items were treated as goods used indirectly in or in relation to manufacture under Rule 57A of the Central Excise Rules, 1944, rather than as capital goods under Rule 57Q. The Board circular on transformer oil as an essential coolant supported this treatment, and the same approach was applied to similar consumables used to keep machinery operating properly. The departmental objection was rejected and credit on the disputed items was sustained. Case-Laws Central Excise Fri, 14 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106098