https://www.taxtmi.com/caselaws?id=118793 Steel shots used for cleaning castings were consumed and perished in the manufacturing process, so they did not qualify as capital goods under Rule 57Q of the Central Excise Rules, 1944. The Tribunal nevertheless held that Modvat credit was admissible as inputs under Rule 57A because the goods were used in or in relation to manufacture, even though they were not capital goods. On that basis, the assessee succeeded and the disallowance, interest, and adverse orders were set aside. en-us Tue, 23 Aug 2005 00:00:00 +0530 Thu, 05 Jul 2012 17:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118793 Steel shots used for cleaning castings were consumed and perished in the manufacturing process, so they did not qualify as capital goods under Rule 57Q of the Central Excise Rules, 1944. The Tribunal nevertheless held that Modvat credit was admissible as inputs under Rule 57A because the goods were used in or in relation to manufacture, even though they were not capital goods. On that basis, the assessee succeeded and the disallowance, interest, and adverse orders were set aside. Case-Laws Central Excise Tue, 23 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118793