https://www.taxtmi.com/caselaws?id=116537 Rule 57Q permitted Modvat credit on duty-paid capital goods used in the factory, and its Explanation treated machinery, plant, equipment, components, spare parts and accessories as capital goods. Applying that definition, items used as accessories or spares of diesel generating sets in the captive power plant, or otherwise falling within the statutory category, were eligible for credit despite tariff classification not being the governing test for the period in dispute. Credit was therefore upheld for the disputed items in the first and third appeals. An item described as VCM bullet, used only as a transport container and not in the factory, did not qualify, so credit was denied for that item alone in the second appeal. en-us Wed, 14 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 13:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116537 Rule 57Q permitted Modvat credit on duty-paid capital goods used in the factory, and its Explanation treated machinery, plant, equipment, components, spare parts and accessories as capital goods. Applying that definition, items used as accessories or spares of diesel generating sets in the captive power plant, or otherwise falling within the statutory category, were eligible for credit despite tariff classification not being the governing test for the period in dispute. Credit was therefore upheld for the disputed items in the first and third appeals. An item described as VCM bullet, used only as a transport container and not in the factory, did not qualify, so credit was denied for that item alone in the second appeal. Case-Laws Central Excise Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116537