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2000 (4) TMI 272

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..... This is an appeal filed by the Revenue. The issue relates to availing Modvat credit on cylindrical vertical tank to be used for storage of different chemical. The Assistant Commissioner has disallowed the credit on the ground that cylindrical vertical tanks are used as a container for storage of chemical used by the party. These containers cannot be termed as capital goods as these do not take p .....

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..... other hand, Shri Manik Chand, ld. Consultant submitted that Tribunal has been consistently taking this view following Dabur India (supra). He referred to the latest decision of the Tribunal in the case of Ayes Dyes Chemicals v. CCE, Chennai reported in 2000 (116) E.L.T. 524 (T). 4. In the facts and circumstances and in view of the case law referred to by the respondent's Counsel, I find that t .....

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