2001 (9) TMI 1062 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard an appeal filed by the revenue against the order allowing Modvat credit for certain items. The revenue argued that the goods were not capital goods, but the Tribunal upheld the decision citing a Supreme Court judgment defining capital goods broadly. The Tribunal found that the goods in question were used in production or processing of the final product and rejected the revenue's appeal.