https://www.taxtmi.com/caselaws?id=112127 Amended Rule 57Q(1) restricted Modvat credit for capital goods to the tariff headings and table entries specifically listed in the rule. Aluminium conductors classified under Chapter sub-heading 7614.90 did not fall within Sl. Nos. 1 to 4 of the table and could not be treated as components, spares or accessories of a rolling mill to extend credit eligibility. Earlier decisions under the pre-amendment regime were therefore inapplicable. The ruling states that goods outside the amended schedule cannot qualify as capital goods merely because they are used in the manufacturing plant. en-us Wed, 02 Jun 2004 00:00:00 +0530 Thu, 26 Apr 2012 16:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112127 Amended Rule 57Q(1) restricted Modvat credit for capital goods to the tariff headings and table entries specifically listed in the rule. Aluminium conductors classified under Chapter sub-heading 7614.90 did not fall within Sl. Nos. 1 to 4 of the table and could not be treated as components, spares or accessories of a rolling mill to extend credit eligibility. Earlier decisions under the pre-amendment regime were therefore inapplicable. The ruling states that goods outside the amended schedule cannot qualify as capital goods merely because they are used in the manufacturing plant. Case-Laws Central Excise Wed, 02 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112127