2002 (2) TMI 1354 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT CHENNAI heard two revenue appeals against different assessees regarding the classification of certain items as capital goods. In both cases, the Tribunal upheld the Commissioner's decision that the items in question qualified as capital goods based on the definition and case law. The Tribunal referred to a Larger Bench judgment and the decision of the Apex Court, confirming that if an item plays a role in the manufacture of the final product as an accessory or component, it qualifies as a capital good. Therefore, the Tribunal rejected both revenue appeals, affirming the Commissioner's orders.