2002 (2) TMI 1131

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..... cture C.R. Strips falling under Chapter 72. The Deputy Commissioner of Central Excise, Lucknow, vide his order dated 18-2-97 denied the Modvat credit of Rs. 2,73,551.46 availaed by the respondents under Rule 57Q of the Central Excise Rules, 1944. He, further imposed a penalty of Rs. 20,000/- on them. The party filed an appeal and the same is allowed in respect of the items viz., Filters, Air Cylin .....

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..... e function of each item under consideration in the manufacturing process undertaken by the respondents for allowing the Modvat credit in respect of these items. These grounds are not controverted in the appeal of the Revenue. The only issue raised is that the Modvat scheme for capital goods underwent a change and the definition of the capital goods was modified by issue of Notification No. 14/97-C .....

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