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of <h1>Appellate Tribunal decision on Modvat credit upheld by Supreme Court, emphasizing broad definition of capital goods</h1> <h3>COMMISSIONER OF CENTRAL EXCISE, RAIPUR Versus MODI CEMENT</h3> COMMISSIONER OF CENTRAL EXCISE, RAIPUR Versus MODI CEMENT - 2002 (147) E.L.T. 551 (Tri. - Del.) The Appellate Tribunal CEGAT, New Delhi heard an appeal filed by the Revenue against the order allowing Modvat credit for specific items. The Revenue contended that the items were not capital goods, citing a previous case. However, the Supreme Court upheld a broad definition of capital goods, emphasizing their use in production or processing. The Tribunal found that the items in question were used in manufacturing and upheld the order, rejecting the Revenue's appeal.
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