https://www.taxtmi.com/caselaws?id=115376 Steel racks used for storing raw materials in a factory were held not to qualify for capital goods credit under Rule 57Q(1) because their tariff classification under Heading 73.26 placed them outside the first four entries in the Table to the rule during the relevant period. The argument that the racks were accessories of the manufacturing plant also failed, as no material showed that the plant could not function without them. For Modvat purposes, the article had to be shown as functional to the principal equipment, and that relationship was not established. Denial of credit was therefore justified. en-us Thu, 12 May 2005 00:00:00 +0530 Tue, 29 May 2012 11:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115376 Steel racks used for storing raw materials in a factory were held not to qualify for capital goods credit under Rule 57Q(1) because their tariff classification under Heading 73.26 placed them outside the first four entries in the Table to the rule during the relevant period. The argument that the racks were accessories of the manufacturing plant also failed, as no material showed that the plant could not function without them. For Modvat purposes, the article had to be shown as functional to the principal equipment, and that relationship was not established. Denial of credit was therefore justified. Case-Laws Central Excise Thu, 12 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115376