2005 (5) TMI 569 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Chennai dismissed the appeal where Modvat credit of Rs. 6720/- was denied to the appellants for Alarm annunciator under Heading 8531 of the CETA Schedule for the period Aug - Sept, 99. The denial was upheld as capital goods falling under 85.31 were not eligible for Modvat under Rule 57Q during the period in question. The appeal was dismissed as the capital goods in question were excluded from those specified for Modvat benefit under Rule 57Q(1).