1999 (5) TMI 245 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed Modvat credit of Rs. 3,31,400/- on various items like water cooled capacitors, induction coil, DC choke, etc., as they were considered capital goods under Rule 57Q. The decision was based on a Larger Bench ruling and overturned the denial of credit by the Assistant Collector. The appeal was allowed.