https://www.taxtmi.com/caselaws?id=54936 Welding rods used in fabrication and repair of machinery were not eligible for Modvat credit as capital goods or as components, spares or accessories under the excise rules. Although the definition of capital goods was wide, it did not extend to welding rods used only for fabrication, patching, maintenance or support work on machinery. They were treated at best as consumables and did not form part of the specified machinery. The Larger Bench ruling that goods used merely in maintenance of capital goods fall outside Rule 57Q of the Central Excise Rules, 1944, was applied, and the credit claim was rejected. en-us Mon, 05 Dec 2005 00:00:00 +0530 Fri, 22 Oct 2010 18:01:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54936 Welding rods used in fabrication and repair of machinery were not eligible for Modvat credit as capital goods or as components, spares or accessories under the excise rules. Although the definition of capital goods was wide, it did not extend to welding rods used only for fabrication, patching, maintenance or support work on machinery. They were treated at best as consumables and did not form part of the specified machinery. The Larger Bench ruling that goods used merely in maintenance of capital goods fall outside Rule 57Q of the Central Excise Rules, 1944, was applied, and the credit claim was rejected. Case-Laws Central Excise Mon, 05 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54936