https://www.taxtmi.com/caselaws?id=51750 For Modvat credit under Rule 57Q, capital goods must fall within the statutory definition and have a recognised functional nexus with manufacture. A personal computer used only for record maintenance, and not proved to determine raw material ratios in the process, was treated as outside the scope of capital goods and credit was denied. A lighting arrestor used merely to protect a transformer from lightning damage also did not satisfy the definition of capital goods, so credit was denied on that item as well. The Tribunal sustained denial of Modvat credit on both items. en-us Wed, 09 Oct 2002 00:00:00 +0530 Tue, 28 Sep 2010 10:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51750 For Modvat credit under Rule 57Q, capital goods must fall within the statutory definition and have a recognised functional nexus with manufacture. A personal computer used only for record maintenance, and not proved to determine raw material ratios in the process, was treated as outside the scope of capital goods and credit was denied. A lighting arrestor used merely to protect a transformer from lightning damage also did not satisfy the definition of capital goods, so credit was denied on that item as well. The Tribunal sustained denial of Modvat credit on both items. Case-Laws Central Excise Wed, 09 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51750