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of <h1>Appellate Tribunal rules EOT Crane qualifies as capital goods for Modvat credit</h1> <h3>COMMISSIONER OF C. EX., CHANDIGARH Versus ANTARTIC INDUSTRIES LTD.</h3> COMMISSIONER OF C. EX., CHANDIGARH Versus ANTARTIC INDUSTRIES LTD. - 2001 (135) E.L.T. 133 (Tri. - Del.) The Appellate Tribunal CEGAT, New Delhi rejected the revenue's appeal against the order allowing Modvat credit for an EOT Crane as capital goods. The Tribunal cited a Supreme Court ruling stating that items used for manufacturing final products qualify as capital goods based on their usage. The Commissioner (Appeals) found the crane essential for manufacturing the final product, leading to the rejection of the revenue's appeal.
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