1999 (10) TMI 303 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed Modvat credit for LT Bus Duct, Heat Exchangers, and parts of Heat Exchangers used by manufacturers of chemicals. The decision was based on precedents and definitions of capital goods, overturning the lower authorities' disallowance of the credit. The appeal was allowed.