2001 (11) TMI 1022

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..... he Revenue, the question to be considered is whether the Pitch Loading Buckets used by the assessee as material-handling equipment in their factory during the relevant period were eligible capital goods for Modvat credit under Rule 57Q, The credit taken on this item is only to the extent of ₹ 3.82S/-. The credit was disallowed by the adjudicating authority and a penalty of ₹ 5,000/- wa .....

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..... me and had held that any capital goods which were brought within the coverage of the expression "capital goods " under Rule 57Q by Notifications 11/95-CE(NT) dated 16.3.1995 and 14/96-CE(NT) dated 23.7.1996 could not be held to be capital goods prior to16.3.1995 or 23.7.1996 ,as the case may be ,where such goods were covered as capital goods under the pre- existing provisions of Rule 57Q .....

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