https://www.taxtmi.com/caselaws?id=113508 Modvat credit was held admissible on parts of an E.O.T. crane under Rule 57Q because the goods were components of capital goods and the exclusion for Heading 84.31 did not defeat eligibility. The Tribunal noted that Rule 57Q covered components, spares and accessories of capital goods within the relevant entries, and relied on the Board's circular dated 2-12-96 clarifying that parts, components and accessories used with capital goods remained eligible for credit even if classifiable under any chapter heading. The denial of credit was therefore unsustainable. en-us Tue, 25 May 2004 00:00:00 +0530 Sat, 05 May 2012 16:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113508 Modvat credit was held admissible on parts of an E.O.T. crane under Rule 57Q because the goods were components of capital goods and the exclusion for Heading 84.31 did not defeat eligibility. The Tribunal noted that Rule 57Q covered components, spares and accessories of capital goods within the relevant entries, and relied on the Board's circular dated 2-12-96 clarifying that parts, components and accessories used with capital goods remained eligible for credit even if classifiable under any chapter heading. The denial of credit was therefore unsustainable. Case-Laws Central Excise Tue, 25 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113508