1995 (11) TMI 181 - AT - Central Excise

Summary

The Department filed an appeal against an order regarding exemption eligibility for plant and machinery investment exceeding Rs. 10 lakhs. The Collector (Appeals) accepted the appellant's argument regarding the exclusion of certain machinery values. The Tribunal remanded the case for a fresh decision, noting that only face value of investments should be considered without abatement for machinery rendered unfit for use. Repairs and maintenance costs should not be included in the investment calculation. The appeal was allowed for remand.