2002 (2) TMI 1183 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi, in the case of Modvat credit, rejected the Revenue's appeal regarding the allowance of Modvat credit on Rotating Machine as capital goods. The decision was based on the precedent set by the Tribunal's Larger Bench and approved by the Supreme Court, stating that electrical goods used for supplying electricity to manufacturing plant and machinery are eligible for Modvat credit under Rule 57Q. Hence, the appeal was rejected as the Rotating Machine was used for this purpose.