Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1999 (10) TMI 245

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... m, DR, for the Respondent. [Order]. - The items on which credit taken during the month of March 1996 has been disallowed to the appellants who are manufacturers of grey cement, are as follows : 1.  Surge Arrestors 2. MS Angles, Columns & Girders 3. HMT, Heavy Vehicle Duty, Rotating Centre with Shank, Follow Rest Dia, Coolant Equipment, splatch Guard for L-45, Tapper Turning Att .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hold that Surge Arrestors are covered by the definition of capital goods and hence eligible to Modvat credit. 2. MS Angles, Columns & Girders : Admittedly, these are items are used in the casing and walls of the cement mill which are therefore, in the nature of fabrication or construction material. Hence applying the ratio of the Tribunal's decision in the case of Vikas Alloys v. C.C.E., Co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for producing/processing of the final products. 4. Stationary Battery is installed along with 50 MW captive power plant which generates electricity for producing the clinker and cement. Since the battery is used in the power plant for generation of power i.e. for obtaining DC power supply which in turn is used directly in the manufacture of cement, it is covered by the definition of capital .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates