https://www.taxtmi.com/caselaws?id=49989 Split type air conditioners under Heading 8415 were treated as capital goods for Modvat credit under Rule 57Q because the expression covering goods used for producing or processing was applied broadly and was not limited to machinery directly changing the substance of goods. The units were installed in factory areas requiring a dust-free, controlled environment for assembling high precision bearings, which brought them within the functional scope of capital goods. They were not specifically excluded during the relevant period, and a later exclusion could not affect that period. Modvat credit was therefore admissible. en-us Tue, 11 Jan 2000 00:00:00 +0530 Wed, 18 Aug 2010 18:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49989 Split type air conditioners under Heading 8415 were treated as capital goods for Modvat credit under Rule 57Q because the expression covering goods used for producing or processing was applied broadly and was not limited to machinery directly changing the substance of goods. The units were installed in factory areas requiring a dust-free, controlled environment for assembling high precision bearings, which brought them within the functional scope of capital goods. They were not specifically excluded during the relevant period, and a later exclusion could not affect that period. Modvat credit was therefore admissible. Case-Laws Central Excise Tue, 11 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49989