2001 (4) TMI 471 - AT - Central Excise

Summary

The Revenue Appeal challenged a portion of the Order-in-Appeal No. 484/98 regarding the eligibility of Modvat credit for panel coolers as "Capital Goods." The Tribunal upheld the Order-in-Appeal, stating that panel coolers, when attached to CNC machines to regulate temperature for production, are considered part of the main machinery and qualify as Capital Goods. Previous judgments supported this decision. The Revenue Appeal was dismissed.