https://www.taxtmi.com/caselaws?id=106176 Modvat credit was held admissible on PVC power cable, grinding wheel, pulse generator, A.O.L. housing and thyristor panel as capital goods under Rule 57Q because the items were used in manufacturing and processing machinery and had a direct nexus with the plant's functioning. They supported transmission of electricity, grinding of rolls, voltage control, DC drive operation and regulation of power supply, bringing them within the scope of capital goods for Modvat purposes. The conclusion was reinforced by the Supreme Court ratio in Jawahar Mills, and the Revenue's appeals failed. en-us Wed, 06 Mar 2002 00:00:00 +0530 Mon, 12 Mar 2012 18:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106176 Modvat credit was held admissible on PVC power cable, grinding wheel, pulse generator, A.O.L. housing and thyristor panel as capital goods under Rule 57Q because the items were used in manufacturing and processing machinery and had a direct nexus with the plant's functioning. They supported transmission of electricity, grinding of rolls, voltage control, DC drive operation and regulation of power supply, bringing them within the scope of capital goods for Modvat purposes. The conclusion was reinforced by the Supreme Court ratio in Jawahar Mills, and the Revenue's appeals failed. Case-Laws Central Excise Wed, 06 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106176