1999 (5) TMI 273 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Madras dismissed the appeal filed by the department regarding denial of Modvat credit on Diesel Generating sets. The Tribunal held that Electric Generating sets falling under Heading 8502.00 are eligible for Modvat credit irrespective of capacity, based on an amended provision and a previous decision. The appeal was dismissed as the item was deemed eligible for Modvat credit on capital goods.