https://www.taxtmi.com/caselaws?id=46154 Voltage stabilizers or voltage regulators used in a textile factory qualified as capital goods under Rule 57Q because they operated as accessories to machinery used in manufacture. The Court applied the ordinary and liberal meaning of "accessories" and accepted the finding that the stabilizer was essential for the proper functioning, maintenance, and regular production of the machines. On that basis, the stabilizer fell within the definition of capital goods in the rule's explanation and Modvat credit was admissible. en-us Tue, 27 Nov 2001 00:00:00 +0530 Fri, 16 Jul 2010 11:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46154 Voltage stabilizers or voltage regulators used in a textile factory qualified as capital goods under Rule 57Q because they operated as accessories to machinery used in manufacture. The Court applied the ordinary and liberal meaning of "accessories" and accepted the finding that the stabilizer was essential for the proper functioning, maintenance, and regular production of the machines. On that basis, the stabilizer fell within the definition of capital goods in the rule's explanation and Modvat credit was admissible. Case-Laws Central Excise Tue, 27 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46154