1999 (11) TMI 633 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai dismissed the Revenue's appeal regarding the eligibility of cylindrical grinder and P.D. pumps for Modvat credit under Rule 57Q. The Tribunal found that both items are essential for the manufacturing process of steel wires, qualifying as capital goods with a direct nexus to the manufacturing activity. The appeal was dismissed as there was no merit in challenging the findings of the Commissioner (Appeals).