https://www.taxtmi.com/caselaws?id=46024 Electric cables used in a factory may qualify as "plant" for Modvat purposes if they are durable articles employed in carrying on the business and are not merely stock-in-trade. The broad judicial meaning of "plant" was applied, extending beyond machines or machinery to articles of enduring utility used in manufacturing operations. On that basis, the cables fell within Rule 57Q of the Central Excise Rules, 1944, and were eligible as capital goods for Modvat credit. The reference was accordingly answered in favour of the assessee. en-us Tue, 11 Sep 2001 00:00:00 +0530 Thu, 15 Jul 2010 12:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46024 Electric cables used in a factory may qualify as "plant" for Modvat purposes if they are durable articles employed in carrying on the business and are not merely stock-in-trade. The broad judicial meaning of "plant" was applied, extending beyond machines or machinery to articles of enduring utility used in manufacturing operations. On that basis, the cables fell within Rule 57Q of the Central Excise Rules, 1944, and were eligible as capital goods for Modvat credit. The reference was accordingly answered in favour of the assessee. Case-Laws Central Excise Tue, 11 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46024