https://www.taxtmi.com/caselaws?id=113734 MODVAT credit on a hammer used in mines was held inadmissible, as binding Larger Bench authority treated such use as outside the credit scheme; the Revenue succeeded on that issue. MS Rails used with a conveyor system were held to be accessories of capital goods classifiable under Chapter 84, and components, spares and accessories of such eligible goods qualified for credit under Rule 57AA; the Revenue failed on that issue. Credit was therefore denied for the hammer but allowed for the rails, applying the principle that accessories adjunct to eligible capital goods can qualify even if they do not independently fall within the specified tariff entry. en-us Thu, 23 Oct 2003 00:00:00 +0530 Tue, 08 May 2012 11:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113734 MODVAT credit on a hammer used in mines was held inadmissible, as binding Larger Bench authority treated such use as outside the credit scheme; the Revenue succeeded on that issue. MS Rails used with a conveyor system were held to be accessories of capital goods classifiable under Chapter 84, and components, spares and accessories of such eligible goods qualified for credit under Rule 57AA; the Revenue failed on that issue. Credit was therefore denied for the hammer but allowed for the rails, applying the principle that accessories adjunct to eligible capital goods can qualify even if they do not independently fall within the specified tariff entry. Case-Laws Central Excise Thu, 23 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113734