https://www.taxtmi.com/caselaws?id=1292 Modvat credit was available on inputs used in the manufacturing process or to keep machinery functional, including chemicals, lubricants and similar consumables. Items treated as machines, equipment, plant, apparatus, accessories, spares or components used for production, processing or storage were also eligible as capital goods, including the electrical devices covered by the applicable test. By contrast, paints and coating materials such as red oxide, synthetic enamel black paint, zinc chromate, yellow primer and enamel were used only for surface coating and maintenance of machinery, so credit was correctly denied on those items. en-us Mon, 31 Jul 2006 00:00:00 +0530 Mon, 14 Apr 2008 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1292 Modvat credit was available on inputs used in the manufacturing process or to keep machinery functional, including chemicals, lubricants and similar consumables. Items treated as machines, equipment, plant, apparatus, accessories, spares or components used for production, processing or storage were also eligible as capital goods, including the electrical devices covered by the applicable test. By contrast, paints and coating materials such as red oxide, synthetic enamel black paint, zinc chromate, yellow primer and enamel were used only for surface coating and maintenance of machinery, so credit was correctly denied on those items. Case-Laws Central Excise Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1292