2001 (3) TMI 604 - AT - Central Excise

Summary

The Revenue appealed the denial of Modvat credit for a Fork Lift under chapter heading 8427 of CET. The Commissioner (Appeals) upheld the credit, considering the Fork Lift as capital goods necessary for manufacturing the final product. The Tribunal rejected the Revenue's appeal, citing previous judgments supporting the classification of Fork Lift as capital goods when used within the factory for manufacturing purposes.