2001 (9) TMI 866 - AT - Central Excise

Summary

The Appellate Tribunal in New Delhi allowed Modvat credit on certain items. The Revenue appealed, arguing these items are not capital goods under Rule 57Q. The Tribunal upheld the appeal, citing a previous Apex Court decision that these items, if used in relation to machines, should be treated as capital goods. The Tribunal rejected the Revenue's appeal based on this precedent.