2002 (5) TMI 695 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed the appeal of the appellants regarding the admissibility of Modvat credit on Asbestos Rope Lagging used in the manufacturing process. The Tribunal held that the Asbestos Rope Lagging is a part of the furnace and qualifies as eligible modvatable capital goods based on previous decisions, overturning the Deputy Commissioner's rejection of the claim.