https://www.taxtmi.com/caselaws?id=51037 Synthetic wax roller was treated as a consumable used in coating yarn with wax and wholly consumed in use, so it did not qualify as capital goods for Modvat credit under Rule 57Q. The item was not regarded as a component, spare or accessory of the machine, but as material directly used in the manufacturing process. The alternative claim for treatment as an input under Rule 57A was not entertained at the appellate stage, and denial of credit was upheld. en-us Fri, 05 Oct 2001 00:00:00 +0530 Wed, 22 Sep 2010 13:11:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51037 Synthetic wax roller was treated as a consumable used in coating yarn with wax and wholly consumed in use, so it did not qualify as capital goods for Modvat credit under Rule 57Q. The item was not regarded as a component, spare or accessory of the machine, but as material directly used in the manufacturing process. The alternative claim for treatment as an input under Rule 57A was not entertained at the appellate stage, and denial of credit was upheld. Case-Laws Central Excise Fri, 05 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51037