https://www.taxtmi.com/caselaws?id=50945 Castables used as refractory material in a kiln were treated as a substitute for fire bricks and as spares for the furnace, bringing them within the wide definition of capital goods in Explanation (1) to Rule 57Q. On that basis, they qualified for capital goods credit even for the period before 23-7-1996. The conclusion followed earlier binding precedent on the same provision, which supported a broad construction of capital goods to include materials serving the functional role of furnace or kiln spares. en-us Fri, 09 Nov 2001 00:00:00 +0530 Mon, 20 Sep 2010 16:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50945 Castables used as refractory material in a kiln were treated as a substitute for fire bricks and as spares for the furnace, bringing them within the wide definition of capital goods in Explanation (1) to Rule 57Q. On that basis, they qualified for capital goods credit even for the period before 23-7-1996. The conclusion followed earlier binding precedent on the same provision, which supported a broad construction of capital goods to include materials serving the functional role of furnace or kiln spares. Case-Laws Central Excise Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50945