https://www.taxtmi.com/caselaws?id=54466 Capital goods credit under Rule 57Q was allowed on cement used in civil foundations providing structural support to plant and machinery, following a co-ordinate bench view that such use qualified for Modvat credit. Credit on welding electrodes used only for repairs and maintenance of plant and machinery was denied because that use did not satisfy the rule's requirement that capital goods be used in production, processing, or a manufacturing change in substance. The result was a partial allowance: the assessee succeeded on cement, while the Revenue succeeded on welding electrodes. en-us Thu, 02 Jun 2005 00:00:00 +0530 Wed, 20 Oct 2010 11:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54466 Capital goods credit under Rule 57Q was allowed on cement used in civil foundations providing structural support to plant and machinery, following a co-ordinate bench view that such use qualified for Modvat credit. Credit on welding electrodes used only for repairs and maintenance of plant and machinery was denied because that use did not satisfy the rule's requirement that capital goods be used in production, processing, or a manufacturing change in substance. The result was a partial allowance: the assessee succeeded on cement, while the Revenue succeeded on welding electrodes. Case-Laws Central Excise Thu, 02 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54466