https://www.taxtmi.com/caselaws?id=118349 Modvat credit on a lathe machine, welding machine, drilling machine and lighting arrestor was held admissible as capital goods for July-August 1998 under Rule 57Q because the applicable definition then covered specified goods used in the factory of manufacture and the goods fell within the relevant tariff headings in the rule's table. Earlier Revenue decisions were distinguished as arising under a narrower definition that required a different test for machinery and plant, making them inapplicable to the period in question. The Revenue's challenge therefore failed. en-us Fri, 17 Jun 2005 00:00:00 +0530 Sat, 30 Jun 2012 11:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118349 Modvat credit on a lathe machine, welding machine, drilling machine and lighting arrestor was held admissible as capital goods for July-August 1998 under Rule 57Q because the applicable definition then covered specified goods used in the factory of manufacture and the goods fell within the relevant tariff headings in the rule's table. Earlier Revenue decisions were distinguished as arising under a narrower definition that required a different test for machinery and plant, making them inapplicable to the period in question. The Revenue's challenge therefore failed. Case-Laws Central Excise Fri, 17 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118349