https://www.taxtmi.com/caselaws?id=116729 Modvat credit under Rule 57Q was examined for electrodes, asbestos packing, P.M. shafts and trash plates. Credit on electrodes was found inadmissible because an earlier Tribunal ruling had already rejected credit on the same item, so that disallowance remained. Credit on asbestos packing was allowed because the item had been declared and, in any event, the Larger Bench view supported admissibility even where declaration was not filed after the relevant amendments and Board circulars. Credit on P.M. shafts and trash plates was also allowed because they were treated as components or accessories of specified mill machinery, and such parts were covered when the machinery itself qualified under the rule. en-us Fri, 07 Oct 2005 00:00:00 +0530 Sat, 16 Jun 2012 11:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116729 Modvat credit under Rule 57Q was examined for electrodes, asbestos packing, P.M. shafts and trash plates. Credit on electrodes was found inadmissible because an earlier Tribunal ruling had already rejected credit on the same item, so that disallowance remained. Credit on asbestos packing was allowed because the item had been declared and, in any event, the Larger Bench view supported admissibility even where declaration was not filed after the relevant amendments and Board circulars. Credit on P.M. shafts and trash plates was also allowed because they were treated as components or accessories of specified mill machinery, and such parts were covered when the machinery itself qualified under the rule. Case-Laws Central Excise Fri, 07 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116729