2003 (12) TMI 239

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..... n metal items like bars, rods and flats which were used in the manufacture of Tools and Dies. These tools and dies which the appellants manufactured from the said inputs, were used within the factory. Hence these were fully exempt from payment of excise duty under Notification No. 67/95-C.E., dated 16-3-1995. Consequently, the appellants were denied the Modvat credit, in respect of inputs used in .....

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..... ed as component or part of the final products, namely motor vehicle parts, which the appellants manufacture. These Tools and Dies are used merely as an "aid" to the manufacturing process and are covered as "capital goods". Since the claim has been made only under Rule 57A for credit as inputs, as analysed above the claim is not permissible. It has also not been demonstrated or even claimed that th .....

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