https://www.taxtmi.com/caselaws?id=106120 Rule 57Q, as applicable after 1-3-1997, allowed Modvat credit on components, spares and accessories only where the underlying capital goods were covered by or specified against Sl. Nos. 1 to 4 of the Table. Goods falling under Chapter Headings 85.16 and 85.39 were expressly excluded from the capital goods covered by Sl. No. 3, so their components or parts could not be treated as eligible components, spares or accessories for credit under Sl. No. 5. The lower appellate authority's broader reading of the Table was incorrect, and such components or parts were not eligible for Modvat credit. en-us Wed, 16 Jan 2002 00:00:00 +0530 Mon, 12 Mar 2012 17:00:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106120 Rule 57Q, as applicable after 1-3-1997, allowed Modvat credit on components, spares and accessories only where the underlying capital goods were covered by or specified against Sl. Nos. 1 to 4 of the Table. Goods falling under Chapter Headings 85.16 and 85.39 were expressly excluded from the capital goods covered by Sl. No. 3, so their components or parts could not be treated as eligible components, spares or accessories for credit under Sl. No. 5. The lower appellate authority's broader reading of the Table was incorrect, and such components or parts were not eligible for Modvat credit. Case-Laws Central Excise Wed, 16 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106120