https://www.taxtmi.com/caselaws?id=108176 The definition of capital goods under Modvat was applied in a wide and liberal manner, covering goods used for producing or processing final products as well as components, spare parts and accessories of such goods. As the disputed items were found to be parts of plant, machinery and equipment used in manufacture, and their use in production or processing of the final product was not controverted, they qualified for Modvat credit. The revenue challenge therefore failed. en-us Wed, 05 Sep 2001 00:00:00 +0530 Fri, 30 Mar 2012 13:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108176 The definition of capital goods under Modvat was applied in a wide and liberal manner, covering goods used for producing or processing final products as well as components, spare parts and accessories of such goods. As the disputed items were found to be parts of plant, machinery and equipment used in manufacture, and their use in production or processing of the final product was not controverted, they qualified for Modvat credit. The revenue challenge therefore failed. Case-Laws Central Excise Wed, 05 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108176