https://www.taxtmi.com/caselaws?id=106972 Modvat credit on ramming mass was held admissible under Rule 57A even though it did not qualify as capital goods under Rule 57Q, because a declaration filed under Rule 57Q was treated as sufficient to support the credit where substantive entitlement existed. Refractory bricks used as furnace lining and consumed in use were also treated as capital goods within Rule 57Q, since the pre-amendment definition was construed broadly to include items forming part of machinery, plant or equipment; the later amendment expressly mentioning refractories was treated as clarificatory rather than restrictive. The assessee succeeded on both credit issues. en-us Wed, 16 Oct 2002 00:00:00 +0530 Fri, 16 Mar 2012 17:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106972 Modvat credit on ramming mass was held admissible under Rule 57A even though it did not qualify as capital goods under Rule 57Q, because a declaration filed under Rule 57Q was treated as sufficient to support the credit where substantive entitlement existed. Refractory bricks used as furnace lining and consumed in use were also treated as capital goods within Rule 57Q, since the pre-amendment definition was construed broadly to include items forming part of machinery, plant or equipment; the later amendment expressly mentioning refractories was treated as clarificatory rather than restrictive. The assessee succeeded on both credit issues. Case-Laws Central Excise Wed, 16 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106972