Modvat credit eligibility on PCB Cards as capital goods under Rule 57Q referred to High Court

The Tribunal allowed the reference application by the Commissioner of Central Excise, Meerut regarding the eligibility of Modvat credit on PCB Cards as capital goods under Rule 57Q of Central Excise Rules, 1944 to be referred to the Hon'ble High Court for consideration.

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The Commissioner of Central Excise, Meerut filed a reference application regarding the eligibility of Modvat credit on PCB Cards within the definition of capital goods under Rule 57Q of Central Excise Rules, 1944. The issue is whether PCB cards, as parts of control panels, can be considered capital goods when control panels themselves are not. The Tribunal allowed the reference application to be referred to the Hon'ble High Court for consideration.

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