https://www.taxtmi.com/caselaws?id=118783 Modvat credit was admissible on drill rods, pipes, drill bits and similar accessories purchased from the open market and supplied with drilling rigs because Rule 57A(i)(e) covered accessories cleared along with the final product where their value was included in the assessable value. The fact that the items were not integral parts of the rigs did not by itself defeat credit eligibility. Since the accessories were supplied with the rigs and their value formed part of the final product's assessable value, the duty paid on those goods fell within the rule. The denial of credit was therefore incorrect, and consequential relief followed on the credit issue. en-us Tue, 16 Aug 2005 00:00:00 +0530 Thu, 05 Jul 2012 16:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118783 Modvat credit was admissible on drill rods, pipes, drill bits and similar accessories purchased from the open market and supplied with drilling rigs because Rule 57A(i)(e) covered accessories cleared along with the final product where their value was included in the assessable value. The fact that the items were not integral parts of the rigs did not by itself defeat credit eligibility. Since the accessories were supplied with the rigs and their value formed part of the final product's assessable value, the duty paid on those goods fell within the rule. The denial of credit was therefore incorrect, and consequential relief followed on the credit issue. Case-Laws Central Excise Tue, 16 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118783