1998 (3) TMI 204

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..... earing both the sides, the appeal is admitted for decision on merits. 2. The issue in this appeal is whether electric control panel in the appellants plant is eligible for Modvat credit under Rule 57Q of Central Excise Rules. The Commissioner of Central Excise (Appeals) in the impugned order captioned above has held that Modvat credit has been rightly denied as the control panel cannot be said t .....

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..... ant will be eligible for Modvat credit under Rule 57Q. Following the line of decisions (supra) it is held that control panel in this case is eligible for Modvat credit and in coming to this conclusion it is also noted that the electric control panel falls under Heading 85.37 of C.E.T. under the definition of capital goods with effect from 16-5-1995. 4. Appeal is allowed. - - TaxTMI - TMITax .....

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