https://www.taxtmi.com/caselaws?id=117327 M.S. plates used as replacement components or spares in the repair and maintenance of cement machinery were treated as eligible for capital goods credit under the Modvat/Cenvat framework. The analysis treated the new Cenvat definition of capital goods as materially similar to Rule 57Q and held that components, spares and accessories of eligible capital goods qualify even if classified under a different tariff chapter. Items consumed as repair consumables, such as welding electrodes and gases, were distinguished from parts that become part of the machinery itself. Earlier tribunal rulings supporting credit on plates used to repair damaged machinery parts were followed. en-us Thu, 24 Nov 2005 00:00:00 +0530 Thu, 21 Jun 2012 17:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117327 M.S. plates used as replacement components or spares in the repair and maintenance of cement machinery were treated as eligible for capital goods credit under the Modvat/Cenvat framework. The analysis treated the new Cenvat definition of capital goods as materially similar to Rule 57Q and held that components, spares and accessories of eligible capital goods qualify even if classified under a different tariff chapter. Items consumed as repair consumables, such as welding electrodes and gases, were distinguished from parts that become part of the machinery itself. Earlier tribunal rulings supporting credit on plates used to repair damaged machinery parts were followed. Case-Laws Central Excise Thu, 24 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117327