2001 (8) TMI 522 - AT - Central Excise

Summary

The appeal involved whether Modvat credit is available for selective level meter and PCM Terminal Test Set. The Appellate Tribunal ruled in favor of the appellant, M/s. Himachal Futuristic Communications Ltd., stating that the items are integral to the manufacturing process of sophisticated electrical equipment. The Tribunal allowed the appeal, citing that the items are used for testing various parameters at each stage of assembly, making them eligible for capital goods credit under Rule 57Q of the Central Excise Rules.