2000 (1) TMI 518 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai allowed Modvat credit on Welding Electrodes used for repairing machinery, but denied credit on Desul Fex foundry chemicals initially declared as capital goods. The Tribunal ruled in favor of the Revenue regarding welding electrodes based on a previous case. However, the Tribunal held that eligibility for foundry chemicals should be considered under the correct rules, even if initially declared incorrectly. The appeal was partly allowed, with credit denied for welding electrodes and allowed for foundry chemicals.