2001 (10) TMI 236 - AT - Central Excise

Summary

The appeal was filed against the denial of Modvat credit for a Lathe Machine used as an accessory to a Cold Rolling Mill. The appellant claimed the Lathe Machine is a capital good under Rule 57Q of the Central Excise Rules. However, the tribunal found that the Lathe Machine was used for repairs and not in the manufacturing of the final product, Cold Roll Steel-sheets. Therefore, the appeal was rejected.