https://www.taxtmi.com/caselaws?id=49969 Explosives used in mine operations for excavating limestone for cement manufacture were treated as outside Modvat credit because mines were not regarded as part of the factory, so credit was denied on that item. By contrast, spares, components and accessories used in machinery, plant and equipment installed before 1-3-1994 were held to remain eligible for credit under Rule 57Q, as no express restriction was shown merely because the machinery predated the cut-off date. The note thus reflects a mixed position: credit is unavailable for mine explosives, but available for qualifying capital goods and related parts where the rule does not impose a specific bar. en-us Fri, 14 Jul 2000 00:00:00 +0530 Wed, 18 Aug 2010 17:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49969 Explosives used in mine operations for excavating limestone for cement manufacture were treated as outside Modvat credit because mines were not regarded as part of the factory, so credit was denied on that item. By contrast, spares, components and accessories used in machinery, plant and equipment installed before 1-3-1994 were held to remain eligible for credit under Rule 57Q, as no express restriction was shown merely because the machinery predated the cut-off date. The note thus reflects a mixed position: credit is unavailable for mine explosives, but available for qualifying capital goods and related parts where the rule does not impose a specific bar. Case-Laws Central Excise Fri, 14 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49969