1999 (2) TMI 239 - AT - Central Excise

Summary

The judgment discusses the eligibility of Slag Pots for Modvat credit under Rule 57Q. The authorities denied the credit, stating that only goods used for processing or manufacturing final products qualify. However, the Tribunal found Slag Pots eligible as they collect waste metal for recycling in steel casting. Citing precedents, the Tribunal ruled in favor of considering Slag Pots as capital goods for Modvat credit, overturning the previous decision.