2001 (5) TMI 702

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..... ellants filed this appeal against the order-in-appeal passed by the Commissioner (Appeals) whereby the benefit of Modvat credit in respect of electric motor, tube welder and transmitting tubes was denied to the appellants as capital goods. 2. Ld. Counsel, appearing on behalf of the appellants, submits that the appellants are engaged in the manufacture of black tubes as well as galvanised tubes. .....

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..... its that in this case the Tribunal held that to qualify the goods as capital goods, this must be used for producing the final product, must be used for process of any goods for the manufacture of final product or must be used for bringing about any change in any substance for manufacture of final product. His submission is that as the goods, in question, are directly used for the production of fin .....

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