https://www.taxtmi.com/caselaws?id=51067 M.S. plates, angles and channels used to fabricate steel tanks for molasses storage were held not to be capital goods under Rule 57Q because they were used in construction of tanks attached to earth, not shown to be machines, machinery, plant, equipment, apparatus, tools or appliances used for producing or processing goods. They were also not established as components, spare parts or accessories of qualifying capital goods. On those facts, the necessary nexus with manufacture was absent, and Modvat credit was disallowed. en-us Thu, 27 Dec 2001 00:00:00 +0530 Wed, 22 Sep 2010 15:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51067 M.S. plates, angles and channels used to fabricate steel tanks for molasses storage were held not to be capital goods under Rule 57Q because they were used in construction of tanks attached to earth, not shown to be machines, machinery, plant, equipment, apparatus, tools or appliances used for producing or processing goods. They were also not established as components, spare parts or accessories of qualifying capital goods. On those facts, the necessary nexus with manufacture was absent, and Modvat credit was disallowed. Case-Laws Central Excise Thu, 27 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51067