https://www.taxtmi.com/caselaws?id=88029 Modvat credit was held admissible on cable fault locator, transformers, insulated wires and cables, and control panels as capital goods under Rule 57Q. The Tribunal distinguished Revenue's cited authorities, noting they concerned temperature or humidity control equipment and did not govern the disputed items. It followed prior Tribunal decisions treating transformers, electrical panels, wires and cables, and testing equipment used in the manufacturing process as eligible for credit. Because the credit claim succeeded, the penalty imposed on the assessee was also unsustainable and was set aside. en-us Mon, 22 Sep 1997 00:00:00 +0530 Wed, 14 Sep 2011 15:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88029 Modvat credit was held admissible on cable fault locator, transformers, insulated wires and cables, and control panels as capital goods under Rule 57Q. The Tribunal distinguished Revenue's cited authorities, noting they concerned temperature or humidity control equipment and did not govern the disputed items. It followed prior Tribunal decisions treating transformers, electrical panels, wires and cables, and testing equipment used in the manufacturing process as eligible for credit. Because the credit claim succeeded, the penalty imposed on the assessee was also unsustainable and was set aside. Case-Laws Central Excise Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88029