2001 (4) TMI 720 - AT - Central Excise

Summary

The revenue appealed against the Order-in-Appeal allowing Modvat credit on plant parts as capital goods. The respondents challenged the denial of Modvat credit on Molecular Sieve. The Tribunal ruled that plant parts qualify as capital goods for Modvat credit. Molecular Sieve qualifies for Modvat credit as inputs. The appeal by the revenue was dismissed, and the Cross Objection by the respondents was allowed.