https://www.taxtmi.com/caselaws?id=54639 Modvat credit under Rule 57Q is confined to capital goods and their components used within factory premises. Components of a wagon drill deployed in limestone mines outside the cement factory fall outside the prescribed scope and do not qualify for credit. Conversely, iron and steel materials, parts and components used within the factory to fabricate an eligible generator set and crusher plant qualify as components of capital goods under the rule. The distinction depends on the location and qualifying use of the capital goods: outside-factory deployment denies credit, while in-factory fabrication of eligible capital goods permits it. en-us Tue, 29 Nov 2005 00:00:00 +0530 Thu, 21 Oct 2010 12:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54639 Modvat credit under Rule 57Q is confined to capital goods and their components used within factory premises. Components of a wagon drill deployed in limestone mines outside the cement factory fall outside the prescribed scope and do not qualify for credit. Conversely, iron and steel materials, parts and components used within the factory to fabricate an eligible generator set and crusher plant qualify as components of capital goods under the rule. The distinction depends on the location and qualifying use of the capital goods: outside-factory deployment denies credit, while in-factory fabrication of eligible capital goods permits it. Case-Laws Central Excise Tue, 29 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54639