https://www.taxtmi.com/caselaws?id=115670 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the Revenue, overturning the decision to allow Modvat credit for inverter, storage battery, control transformers as inputs, and air-conditioner as capital goods. The Tribunal emphasized the necessity for items to directly contribute to the manufacturing process to be eligible for Modvat credit. Inverter, storage battery, and control transformers were deemed non-essential raw materials, while the air-conditioner did not play a direct role in manufacturing high pressure jets or Hydraulic lifts, leading to the denial of Modvat credit for these items. en-us Fri, 29 Jul 2005 00:00:00 +0530 Thu, 31 May 2012 18:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115670 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the Revenue, overturning the decision to allow Modvat credit for inverter, storage battery, control transformers as inputs, and air-conditioner as capital goods. The Tribunal emphasized the necessity for items to directly contribute to the manufacturing process to be eligible for Modvat credit. Inverter, storage battery, and control transformers were deemed non-essential raw materials, while the air-conditioner did not play a direct role in manufacturing high pressure jets or Hydraulic lifts, leading to the denial of Modvat credit for these items. Case-Laws Central Excise Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115670