https://www.taxtmi.com/caselaws?id=49969 Modvat credit for explosives used in mine operations to excavate limestone for cement manufacture falls outside the credit scheme because mines are not treated as part of the factory. The applicable Larger Bench position excludes such explosives from eligible inputs. Conversely, Rule 57Q does not deny credit for spares, components and accessories of eligible machinery, plant or equipment merely because the machinery was installed before the relevant cut-off date. In the absence of an express restrictive provision, capital-goods credit remains available for those items. The treatment therefore distinguishes mine-use explosives from accessories and spares for eligible installed machinery. 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 Modvat credit for explosives used in mine operations to excavate limestone for cement manufacture falls outside the credit scheme because mines are not treated as part of the factory. The applicable Larger Bench position excludes such explosives from eligible inputs. Conversely, Rule 57Q does not deny credit for spares, components and accessories of eligible machinery, plant or equipment merely because the machinery was installed before the relevant cut-off date. In the absence of an express restrictive provision, capital-goods credit remains available for those items. The treatment therefore distinguishes mine-use explosives from accessories and spares for eligible installed machinery. Case-Laws Central Excise Fri, 14 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49969