2001 (3) TMI 779 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the Modvat credit on Electric Control Panels as they are considered capital goods under Rule 57Q. The Tribunal ruled that the control panels are essential for regulating power supply to DC motors and are necessary for effective operation of the rolling mill, thus qualifying for the credit. The appeal against the Commissioner's decision was dismissed.