https://www.taxtmi.com/caselaws?id=51429 Modvat credit was available on spares of laboratory equipment and allied items because Rule 57Q treated components, spares and accessories of specified capital goods as eligible inputs. The Board's circular clarified that this coverage was not confined to any particular chapter heading, so the separate tariff classification of the spares did not by itself defeat credit if they were genuine spares of eligible capital goods. As the main laboratory equipment was not shown to be excluded under the rule, the disputed items remained creditable and the Revenue's objection failed. en-us Wed, 30 Oct 2002 00:00:00 +0530 Fri, 24 Sep 2010 17:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51429 Modvat credit was available on spares of laboratory equipment and allied items because Rule 57Q treated components, spares and accessories of specified capital goods as eligible inputs. The Board's circular clarified that this coverage was not confined to any particular chapter heading, so the separate tariff classification of the spares did not by itself defeat credit if they were genuine spares of eligible capital goods. As the main laboratory equipment was not shown to be excluded under the rule, the disputed items remained creditable and the Revenue's objection failed. Case-Laws Central Excise Wed, 30 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51429