2001 (10) TMI 1090 - AT - Central Excise

Summary

The appellants were denied Modvat credit on spectrometer, transformer, and electric control panel. The spectrometer is considered a capital good for measuring molecular structure. The transformer and control panel are essential for generating and controlling electricity. The Tribunal ruled in favor of the appellants, allowing Modvat credit on all three items. The impugned order was set aside, and the appeal was allowed.