https://www.taxtmi.com/caselaws?id=96137 The Appellate Tribunal CEGAT, Chennai allowed the assessee's appeal regarding the rejection of Modvat credit for seal rings, inserts, and packing, considering them as capital goods based on precedent judgments. The Tribunal rejected the Revenue's appeal on disputed goods like pipes, Ethylene Compressor, and valves, emphasizing the items' classification as capital goods in previous decisions. The Tribunal's decision was guided by established legal principles and judicial discipline, leading to the allowance of the assessee's appeal and the rejection of the Revenue's appeal. en-us Fri, 20 Apr 2001 00:00:00 +0530 Sat, 17 Dec 2011 15:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96137 The Appellate Tribunal CEGAT, Chennai allowed the assessee's appeal regarding the rejection of Modvat credit for seal rings, inserts, and packing, considering them as capital goods based on precedent judgments. The Tribunal rejected the Revenue's appeal on disputed goods like pipes, Ethylene Compressor, and valves, emphasizing the items' classification as capital goods in previous decisions. The Tribunal's decision was guided by established legal principles and judicial discipline, leading to the allowance of the assessee's appeal and the rejection of the Revenue's appeal. Case-Laws Central Excise Fri, 20 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96137