https://www.taxtmi.com/caselaws?id=110859 Modvat credit under Rule 57Q required proof that the item was specifically covered as capital goods, a component, part or accessory of such goods installed in the factory; mere use of HR/MS sheets, plates, angles, channels and other structural materials for fabrication or replacement parts was insufficient, so credit was denied. A fresh merits examination was directed for the bailing press because the eligibility issue had not been decided below. Credit on the lubricating system and contact less magnetic pick-up was not admissible as capital goods. By contrast, pace man (steam packing), once affixed to the pipeline, was treated as a component of that pipeline and credit was allowed. en-us Wed, 28 Jan 2004 00:00:00 +0530 Wed, 18 Apr 2012 18:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110859 Modvat credit under Rule 57Q required proof that the item was specifically covered as capital goods, a component, part or accessory of such goods installed in the factory; mere use of HR/MS sheets, plates, angles, channels and other structural materials for fabrication or replacement parts was insufficient, so credit was denied. A fresh merits examination was directed for the bailing press because the eligibility issue had not been decided below. Credit on the lubricating system and contact less magnetic pick-up was not admissible as capital goods. By contrast, pace man (steam packing), once affixed to the pipeline, was treated as a component of that pipeline and credit was allowed. Case-Laws Central Excise Wed, 28 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110859