1997 (7) TMI 354 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal, stating that Gear Boxes and Measuring Tanks qualify as capital goods under Rule 57Q of the Central Excise Rules, 1944. The Tribunal granted stay and took up the appeal without pre-deposit of duty and penalty. The Collector's decision that Modvat credit is ineligible on these goods was deemed unsustainable. (Case citation: 1997 (7) TMI 354 - CEGAT, Mumbai)