https://www.taxtmi.com/caselaws?id=52596 Modvat credit under Rule 57Q and Rule 57AB was available on parts, components, spares and accessories used for a captive power plant when the plant was used in the manufacturing process. The scheme did not require the capital goods themselves, or the electricity generated, to be excisable, and Rule 57R did not add a separate condition to deny otherwise admissible credit. The fact that some electricity was wheeled out of the factory did not change the character of the plant as capital goods used in manufacture. On the stated facts, the substantive credit conditions were satisfied and the credit was admissible. en-us Thu, 11 Dec 2003 00:00:00 +0530 Mon, 01 Jul 2024 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52596 Modvat credit under Rule 57Q and Rule 57AB was available on parts, components, spares and accessories used for a captive power plant when the plant was used in the manufacturing process. The scheme did not require the capital goods themselves, or the electricity generated, to be excisable, and Rule 57R did not add a separate condition to deny otherwise admissible credit. The fact that some electricity was wheeled out of the factory did not change the character of the plant as capital goods used in manufacture. On the stated facts, the substantive credit conditions were satisfied and the credit was admissible. Case-Laws Central Excise Thu, 11 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52596