2000 (3) TMI 733 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the Commissioner's decision that Modvat credit is admissible on slab milling cutter, slitting cutters, and cutting blades as they are considered capital goods used in the production process. The disputed items are essential components of machines used in the manufacturing process, entitling them to capital goods credit under Rule 57Q. The appeal by the Revenue was rejected.