https://www.taxtmi.com/caselaws?id=118356 Modvat credit was treated as admissible on components, parts and spares used to fabricate capital goods such as a crusher plant, diesel generator set and conveyor system, even though the final products were exempt and some iron and steel items were not specifically listed under Rule 57Q of the Central Excise Rules, 1944. The Tribunal applied a liberal construction of the capital goods provision, relied on prior rulings recognising generator sets and crusher plants as capital goods, and extended credit to allied steel items and intermediate products used in the fabrication stream. On that basis, the Revenue's challenge failed. en-us Wed, 18 Jan 2006 00:00:00 +0530 Sat, 30 Jun 2012 11:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118356 Modvat credit was treated as admissible on components, parts and spares used to fabricate capital goods such as a crusher plant, diesel generator set and conveyor system, even though the final products were exempt and some iron and steel items were not specifically listed under Rule 57Q of the Central Excise Rules, 1944. The Tribunal applied a liberal construction of the capital goods provision, relied on prior rulings recognising generator sets and crusher plants as capital goods, and extended credit to allied steel items and intermediate products used in the fabrication stream. On that basis, the Revenue's challenge failed. Case-Laws Central Excise Wed, 18 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118356