1997 (10) TMI 166

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..... he appeal relates to denial of Modvat credit on hot tops, ramming mass, thermo couple tips and moulds, on which the lower authorities have denied Modvat credit holding that these are not inputs falling under Rule 57A of the Central Excise Rules. It was held that these are in the nature of tools which require frequent replacement and form part of machinery and equipment. 2. We have heard Shri D. .....

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