https://www.taxtmi.com/caselaws?id=47883 Rule 57Q's definition of "capital goods" is to be construed broadly and includes machines, plant, equipment and appliances used in manufacture or for processing goods. Applying that liberal interpretation, the court treated an electrical transformer installed in the manufacturing unit as part of the plant and machinery because supply of power is a basic requirement of manufacturing. The transformer therefore qualified as capital goods, and Modvat credit was available to the assessee; the revenue's challenge failed. en-us Tue, 11 Jul 2006 00:00:00 +0530 Sat, 31 Jul 2010 13:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47883 Rule 57Q's definition of "capital goods" is to be construed broadly and includes machines, plant, equipment and appliances used in manufacture or for processing goods. Applying that liberal interpretation, the court treated an electrical transformer installed in the manufacturing unit as part of the plant and machinery because supply of power is a basic requirement of manufacturing. The transformer therefore qualified as capital goods, and Modvat credit was available to the assessee; the revenue's challenge failed. Case-Laws Central Excise Tue, 11 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47883