https://www.taxtmi.com/caselaws?id=116337 Rule 57Q(1) of the Central Excise Rules, 1944, as it stood before 1-7-96, allowed Modvat credit on parts, components and accessories of plant, machinery and equipment used in the factory for producing or processing goods or bringing about a change in a substance for manufacture. Tool bits and screeners, being parts of machinery used in the manufacturing process, satisfied that statutory description. The exclusion relied on by the lower authorities did not override the main eligibility provision, so the items qualified as capital goods for credit. en-us Fri, 03 Jun 2005 00:00:00 +0530 Mon, 11 Jun 2012 15:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116337 Rule 57Q(1) of the Central Excise Rules, 1944, as it stood before 1-7-96, allowed Modvat credit on parts, components and accessories of plant, machinery and equipment used in the factory for producing or processing goods or bringing about a change in a substance for manufacture. Tool bits and screeners, being parts of machinery used in the manufacturing process, satisfied that statutory description. The exclusion relied on by the lower authorities did not override the main eligibility provision, so the items qualified as capital goods for credit. Case-Laws Central Excise Fri, 03 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116337