1999 (8) TMI 211

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..... apital goods credit has been denied on items such as distribution board, pressure switches, PVC defusers, regulators, LT panels, etc., which the appellants claimed to be electrical items which are components of textile machinery used in the manufacture of man-made yarn. Learned Counsel submits that the exact use and function of each item on which credit has been denied has not been fully explained .....

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..... the broad description of at least of some of the items, it appears that the appellants are correct in their contention that the items are in the nature of electrical items which would be eligible to credit in the light of the Larger Bench decision cited supra. However, since the purpose and functions of each item requires to be explained in detail, the interests of justice require that the impugn .....

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