https://www.taxtmi.com/caselaws?id=339624 Rule 57Q treated goods falling under Chapter 84 as capital goods unless specifically excluded, so items under Chapter 8424, including fuel supply installation, spraying station, guns and hoses, remained eligible because the exclusion for sub-heading 8424.80 was confined to fire extinguishers. Parts of conveyor under Chapter 8431 were also eligible as components, spares and accessories of capital goods, since eligibility depended on their description under the rule rather than the chapter heading alone. By contrast, alloy steel articles under Chapter 7326 were outside the enumerated capital goods entries and were not eligible for Modvat credit. Substitution of the Modvat rules was treated as an amendment protected by the saving provision in Section 38A. en-us Thu, 02 Feb 2017 00:00:00 +0530 Fri, 03 Mar 2017 20:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339624 Rule 57Q treated goods falling under Chapter 84 as capital goods unless specifically excluded, so items under Chapter 8424, including fuel supply installation, spraying station, guns and hoses, remained eligible because the exclusion for sub-heading 8424.80 was confined to fire extinguishers. Parts of conveyor under Chapter 8431 were also eligible as components, spares and accessories of capital goods, since eligibility depended on their description under the rule rather than the chapter heading alone. By contrast, alloy steel articles under Chapter 7326 were outside the enumerated capital goods entries and were not eligible for Modvat credit. Substitution of the Modvat rules was treated as an amendment protected by the saving provision in Section 38A. Case-Laws Central Excise Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339624