https://www.taxtmi.com/caselaws?id=53202 A storage tank used to store gases in the manufacture of oxygen and nitrogen qualified for Modvat credit because it was integral to the plant and functionally necessary for storing gases for use in production. Revenue authorities' precedents were distinguished on the facts, as those items lacked a sufficient nexus with manufacture or were used only for unrelated storage. Applying the earlier order in the assessee's own case, the tank was treated as a capital good and also as a component or accessory under Rule 57Q. The Revenue's challenge failed, and the grant of Modvat credit was sustained. en-us Fri, 09 Jul 2004 00:00:00 +0530 Mon, 11 Oct 2010 15:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53202 A storage tank used to store gases in the manufacture of oxygen and nitrogen qualified for Modvat credit because it was integral to the plant and functionally necessary for storing gases for use in production. Revenue authorities' precedents were distinguished on the facts, as those items lacked a sufficient nexus with manufacture or were used only for unrelated storage. Applying the earlier order in the assessee's own case, the tank was treated as a capital good and also as a component or accessory under Rule 57Q. The Revenue's challenge failed, and the grant of Modvat credit was sustained. Case-Laws Central Excise Fri, 09 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53202