2001 (1) TMI 423 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled that modvat credit on capital goods availed by the Respondents for manufacturing 'Cotton Blended Yarn' was admissible under Rule 57Q. The Commissioner (Appeals) upheld this decision, stating that the credit was admissible even before the amendment on 23-7-1996. The Revenue's appeal against this order was rejected as the definition of capital goods at that time covered the items in question.