2000 (5) TMI 300

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..... ed Modvat credit amounting to Rs. 77,686/- on grinding wheels during the period from February, 1997 to September, 1997. This credit was availed under Rule 57A. The Assistant Commissioner, Central Excise Division, Sangrur disallowed this credit vide his Order dated 22-4-1999 contending that during the relevant period, the grinding wheels were specified as capital goods under Notification No. 25/96- .....

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..... is contended in the Revenue appeal that the provisions of Rule 57G and Rule 57T are entirely different; that as per Rule 57T(2) the party cannot claim depreciation under the Income-tax Act or as revenue expenditure under any provisions of the said Act in respect of that part of the value of capital goods which represent the amount of specified duty paid on such capital goods but there is no such p .....

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