https://www.taxtmi.com/caselaws?id=116759 The Tribunal ruled in favor of the appellants, allowing Modvat credit on dismantled overhead cranes purchased as scrap but reassembled and used as capital goods in the manufacturing process. The classification of the cranes as scrap by the seller did not negate their eligibility for credit, as confirmed by a Chartered Engineer's certificate. Emphasizing the functionality and reassembly of the cranes, the Tribunal set aside the Revenue's decision and granted the appellants the credit based on their essential role in the production process. en-us Fri, 18 Nov 2005 00:00:00 +0530 Sat, 16 Jun 2012 14:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116759 The Tribunal ruled in favor of the appellants, allowing Modvat credit on dismantled overhead cranes purchased as scrap but reassembled and used as capital goods in the manufacturing process. The classification of the cranes as scrap by the seller did not negate their eligibility for credit, as confirmed by a Chartered Engineer's certificate. Emphasizing the functionality and reassembly of the cranes, the Tribunal set aside the Revenue's decision and granted the appellants the credit based on their essential role in the production process. Case-Laws Central Excise Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116759