1998 (1) TMI 265 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal regarding Modvat credit on grinding wheels used in the manufacture of gear mechanism. The Tribunal held that grinding wheels are eligible inputs under Rule 57A of Central Excise Rules and not excluded as machinery. The decision followed the Larger Bench ruling in Union Carbide India v. Collector. The appeal was allowed.