2003 (5) TMI 400 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, New Delhi involved the denial of Modvat credit on parts of capital goods. The appellant argued that Rule 57Q of the Central Excise Rules only applies to capital goods, not parts. The Tribunal agreed, stating that the condition for credit on capital goods does not apply to components, spare parts, and accessories. The impugned order was set aside, and the appeals were allowed in favor of the appellants.