https://www.taxtmi.com/caselaws?id=112138 Modvat credit under Chapter V of the Central Excise Rules, 1944 distinguished between capital goods under Rule 57Q and inputs under Rule 57A. Although the main paint plant was excluded from capital goods credit, that exclusion did not automatically extend to component parts and spares used in manufacture; their eligibility depended on whether they were used directly or indirectly in or in relation to production. The declaration filed under Rule 57Q was also required to be examined for its effect under the principle recognised in Modi Rubber. The matter therefore required factual reconsideration of the parts' use and the declaration's sufficiency. en-us Fri, 11 Jun 2004 00:00:00 +0530 Thu, 26 Apr 2012 17:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112138 Modvat credit under Chapter V of the Central Excise Rules, 1944 distinguished between capital goods under Rule 57Q and inputs under Rule 57A. Although the main paint plant was excluded from capital goods credit, that exclusion did not automatically extend to component parts and spares used in manufacture; their eligibility depended on whether they were used directly or indirectly in or in relation to production. The declaration filed under Rule 57Q was also required to be examined for its effect under the principle recognised in Modi Rubber. The matter therefore required factual reconsideration of the parts' use and the declaration's sufficiency. Case-Laws Central Excise Fri, 11 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112138