https://www.taxtmi.com/caselaws?id=114563 Capital goods credit under Rule 57Q was held admissible for machinery used in the preparatory stage of cotton yarn manufacture. The decisive principle was that equipment performing an integral preparatory function in the manufacturing process qualifies for credit even if the intermediate product is not itself excisable and even if the item was expressly brought within the rule only from a later date. The equipment was treated as functionally comparable to machinery previously recognised as eligible in a similar spinning-mill setting, so denial of credit was unsustainable. en-us Wed, 20 Oct 2004 00:00:00 +0530 Wed, 16 May 2012 16:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114563 Capital goods credit under Rule 57Q was held admissible for machinery used in the preparatory stage of cotton yarn manufacture. The decisive principle was that equipment performing an integral preparatory function in the manufacturing process qualifies for credit even if the intermediate product is not itself excisable and even if the item was expressly brought within the rule only from a later date. The equipment was treated as functionally comparable to machinery previously recognised as eligible in a similar spinning-mill setting, so denial of credit was unsustainable. Case-Laws Central Excise Wed, 20 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114563