2001 (12) TMI 774 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Bangalore dismissed the Revenue's appeal against the Commissioner's order allowing Modvat credit on lubricating oil and coolants used in machinery. The Commissioner observed that these items are essential for the proper functioning of machinery. The Tribunal upheld the Commissioner's decision, stating that Modvat credit was allowed under Rule 57A, not Rule 57Q.