https://www.taxtmi.com/caselaws?id=259695 Welding electrodes do not qualify as capital goods or as components, spares or accessories of capital goods for MODVAT/CENVAT credit under Rule 57Q of the Central Excise Rules, 1944. Applying the ordinary meaning of "component", the court treated a component as an integral and necessary part of the specified machinery, without which the whole is incomplete. Electrodes used for welding, repair and maintenance were held to be incidental consumables rather than constituent parts of the machinery or of the manufacturing process. Credit was therefore not available on this basis, and the authorities' contrary references to other statutory settings did not alter that result. en-us Wed, 25 Feb 2015 00:00:00 +0530 Sat, 02 Jan 2016 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259695 Welding electrodes do not qualify as capital goods or as components, spares or accessories of capital goods for MODVAT/CENVAT credit under Rule 57Q of the Central Excise Rules, 1944. Applying the ordinary meaning of "component", the court treated a component as an integral and necessary part of the specified machinery, without which the whole is incomplete. Electrodes used for welding, repair and maintenance were held to be incidental consumables rather than constituent parts of the machinery or of the manufacturing process. Credit was therefore not available on this basis, and the authorities' contrary references to other statutory settings did not alter that result. Case-Laws Central Excise Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259695