2001 (11) TMI 1022 - AT - Central Excise

Summary

The appellate tribunal in New Delhi considered whether Pitch Loading Buckets used as material-handling equipment were eligible for Modvat credit under Rule 57Q. The credit was disallowed initially, but the lower appellate authority set aside this decision. The tribunal upheld the lower appellate authority's decision based on a Supreme Court case precedent, ruling that the equipment was eligible capital goods under Rule 57Q. The appeal by the Revenue was rejected. (2001 (11) TMI 1022 - CESTAT NEW DELHI)