https://www.taxtmi.com/caselaws?id=111072 Copper wire ropes used as part of a furnace were treated as eligible for Modvat credit under Rule 57Q because eligibility depended on functional use as a component of specified capital goods, not merely on the item's tariff classification. The Board circular was noted to clarify that components, spares and accessories of specified capital goods qualified for credit irrespective of their own heading, and the same position was stated to apply even before the amendment. On the facts, the ropes were regarded as part of the furnace under Chapter 84.17, so credit was allowed and the assessee succeeded. en-us Fri, 26 Sep 2003 00:00:00 +0530 Fri, 20 Apr 2012 11:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111072 Copper wire ropes used as part of a furnace were treated as eligible for Modvat credit under Rule 57Q because eligibility depended on functional use as a component of specified capital goods, not merely on the item's tariff classification. The Board circular was noted to clarify that components, spares and accessories of specified capital goods qualified for credit irrespective of their own heading, and the same position was stated to apply even before the amendment. On the facts, the ropes were regarded as part of the furnace under Chapter 84.17, so credit was allowed and the assessee succeeded. Case-Laws Central Excise Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111072