https://www.taxtmi.com/caselaws?id=51784 Modvat credit under Rule 57Q was allowed for a CNC Panel Cooler because it was treated as part of the CNC machine and therefore within the table entry for components, spares and accessories. Credit was denied for a split Air Conditioner because it was not shown to be a part or accessory of eligible capital goods; mere utility in maintaining a lower ambient temperature was insufficient. The result was partial relief, with credit admissible only for the CNC Panel Cooler and not for the split Air Conditioner. en-us Tue, 31 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 12:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51784 Modvat credit under Rule 57Q was allowed for a CNC Panel Cooler because it was treated as part of the CNC machine and therefore within the table entry for components, spares and accessories. Credit was denied for a split Air Conditioner because it was not shown to be a part or accessory of eligible capital goods; mere utility in maintaining a lower ambient temperature was insufficient. The result was partial relief, with credit admissible only for the CNC Panel Cooler and not for the split Air Conditioner. Case-Laws Central Excise Tue, 31 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51784