TMI Blog1988 (1) TMI 249X X X X Extracts X X X X X X X X Extracts X X X X ..... arma, Member (T)]. The captioned appeal has been filed against the order of Commissioner (Appeals) holding that no Modvat credit is admissible on Hydrant Valves and Instrument Cables. 2. The facts of the case are that the appellants are engaged in the manufacture of synthetic rubber and various other products. They are availing the benefit of Modvat credit under Rule 57A and Rule 57Q. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arned Counsel submits that this view has further been followed by the Tribunal in some other decisions. He submits that their case for taking Modvat on Instrument cables is fully covered by the decision of this Tribunal in the case of CCE v. Nova Udyog Limited. 4. Insofar as Hydrant Valves are concerned, the learned Counsel summits that the raw materials supplied which are in liquid form are reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ical cables and wires are covered by the explanation under Rule 57Q. He refers to the case law wherein it was observed that the words are to be read in the company they keep and that if so read wires and cables (Instrument wires) will not fall in the category of capital goods. 7. Insofar as Hydrant Valves are concerned, the learned JDR reiterates the findings of the lower authorities. 8. Heard ..... X X X X Extracts X X X X X X X X Extracts X X X X
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