In a microwave-safe bowl, or oven-safe ceramic bakeware, combine Domino® or C® Light, cinnamon, nutmeg and chili powder. Stir in water with a wooden spoon. Microwave uncovered on high for one minute; stir. Add nuts, mixing until well coated. Microwave an additional 3 to 4 minutes, stirring mixture after each minute. Spread nuts evenly onto a greased, foil-lined baking sheet to cool completely. Store in an airtight container.