https://www.taxtmi.com/caselaws?id=114366 Modvat credit on an air-conditioning unit could not be rejected solely because the unit was classified under heading 8415.00 and fell outside the definition of capital goods under Rule 57Q. The governing Board circular clarified that credit may still be available where such an item is used as a component, spare or accessory with capital goods, and the cited precedent supported that approach. The matter therefore required fresh examination on that basis, and the claim was remitted for reconsideration by the adjudicating authority. en-us Tue, 27 Jul 2004 00:00:00 +0530 Tue, 15 May 2012 10:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114366 Modvat credit on an air-conditioning unit could not be rejected solely because the unit was classified under heading 8415.00 and fell outside the definition of capital goods under Rule 57Q. The governing Board circular clarified that credit may still be available where such an item is used as a component, spare or accessory with capital goods, and the cited precedent supported that approach. The matter therefore required fresh examination on that basis, and the claim was remitted for reconsideration by the adjudicating authority. Case-Laws Central Excise Tue, 27 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114366