https://www.taxtmi.com/caselaws?id=348561 Modvat credit is allowable on capital goods and spares used in carding and combing machines when those machines produce intermediate goods captively consumed in the manufacture of final dutiable goods. Credit cannot be denied merely because the relevant machinery falls under Chapter Heading 52.02, which is excluded from the capital goods definition under Rule 57Q of the Central Excise Rules, 1944, where the machinery is integrally connected with the manufacturing process. The settled position therefore favoured the assessee, and the credit was held admissible. en-us Thu, 20 Jul 2017 00:00:00 +0530 Sat, 30 Dec 2017 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348561 Modvat credit is allowable on capital goods and spares used in carding and combing machines when those machines produce intermediate goods captively consumed in the manufacture of final dutiable goods. Credit cannot be denied merely because the relevant machinery falls under Chapter Heading 52.02, which is excluded from the capital goods definition under Rule 57Q of the Central Excise Rules, 1944, where the machinery is integrally connected with the manufacturing process. The settled position therefore favoured the assessee, and the credit was held admissible. Case-Laws Central Excise Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348561