1996 (9) TMI 429 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled on the eligibility for Modvat credit of items like steel plates, ceramic tiles, and steel bars. The Commissioner held them not eligible under Rule 57Q of the Central Excise Rules. The Tribunal found these items to be constructional materials, not eligible capital goods. The appellant was required to deposit Rs. 14,19,931 or face dismissal of their appeal. Compliance involved freezing the disputed amount in Modvat account or making a cash deposit of Rs. 7 lakhs and furnishing a bank guarantee for another Rs. 7 lakhs within three months. Failure to comply would result in dismissal of the appeal.