2001 (4) TMI 486 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi rejected the revenue's appeal against the Order-in-Appeal allowing Modvat credit for specific items like Centrifugal pump, Globe valves, Multicribe 1200 series twelve point tem Recorder, and Weishaput Burner Medel MS 72 oil Hoses. The Tribunal ruled that these items qualify as capital goods under Section 57Q of Central Excise Rules as they are used in processing the final product of organic chemicals.