1999 (4) TMI 203 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the Commissioner of Central Excise's decision to extend Modvat credit under Rule 57Q for Panel Board Buster and Control Panel, considering them as capital goods used in manufacturing V.P. Sugar. The Tribunal found that Control Panels qualify as capital goods under Rule 57Q based on a previous Larger Bench decision, and Panel Board Busters are similar and eligible for credit. The appeal by the Revenue was rejected.