https://www.taxtmi.com/caselaws?id=107992 Transformers were treated as eligible capital goods for Modvat credit under Rule 57Q because the controlling test is their use in the manufacturing set-up, not a narrow revenue-side reading of "plant". The analysis follows Supreme Court precedent that recognises transformers as devices regulating and altering electricity supply for manufacturing operations, and it rejects earlier Tribunal rulings denying credit as no longer good law after the binding precedent. Revenue reliance on those older decisions was therefore not accepted, and the credit claim stood allowed. en-us Fri, 19 Sep 2003 00:00:00 +0530 Wed, 28 Mar 2012 12:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107992 Transformers were treated as eligible capital goods for Modvat credit under Rule 57Q because the controlling test is their use in the manufacturing set-up, not a narrow revenue-side reading of "plant". The analysis follows Supreme Court precedent that recognises transformers as devices regulating and altering electricity supply for manufacturing operations, and it rejects earlier Tribunal rulings denying credit as no longer good law after the binding precedent. Revenue reliance on those older decisions was therefore not accepted, and the credit claim stood allowed. Case-Laws Central Excise Fri, 19 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107992