https://www.taxtmi.com/caselaws?id=114182 Spare parts of transformers used in the manufacture of final products were eligible for Modvat credit because the Explanation below Rule 57Q treated spare parts of machinery covered by sub-clause (a) as eligible inputs. The denial of credit failed since sub-clause (d) did not exclude the operation of sub-clause (a), and the transformers were used for producing or processing goods in manufacture. The spare parts therefore satisfied the statutory requirement, and the credit denial was unsustainable. en-us Tue, 21 Jan 2003 00:00:00 +0530 Fri, 11 May 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114182 Spare parts of transformers used in the manufacture of final products were eligible for Modvat credit because the Explanation below Rule 57Q treated spare parts of machinery covered by sub-clause (a) as eligible inputs. The denial of credit failed since sub-clause (d) did not exclude the operation of sub-clause (a), and the transformers were used for producing or processing goods in manufacture. The spare parts therefore satisfied the statutory requirement, and the credit denial was unsustainable. Case-Laws Central Excise Tue, 21 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114182