2000 (1) TMI 394 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed a Reference Application by the Commissioner of Central Excise, Jaipur to refer the question of whether a storage tank for raw materials is eligible for Modvat credit as capital goods under Rule 57Q of the Central Excise Rules to the Hon'ble High Court of Rajasthan. The Tribunal disagreed with the view that storage tanks are not covered by the definition of capital goods, emphasizing the necessity of specially built tanks for manufacturing final products.