2001 (11) TMI 697 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed three appeals by the assessee regarding denial of Modvat credit on Electrical Capacitors by the adjudicating authority. The lower appellate authority's decision was overturned as the capacitors were found to be capital goods essential for the manufacturing process. The decision was supported by a previous ruling regarding eligibility of electrical items as capital goods.