2007 (1) TMI 34 - AT - Central Excise

Cenvat/Modvat Appellant demanded for the benefit of modvat credit as capital goods on TMT bars After considering the facts authority decided against the appellant.

Summary

The appeal was filed against the denial of Modvat credit on TMT bars used in raising foundation of a pressure feeding machine. TMT bars do not qualify as capital goods and are not entitled to credit. Input credit is also not admissible. The appeal was dismissed.