https://www.taxtmi.com/caselaws?id=122364 Modvat credit on welding electrodes was disallowed because the Larger Bench view treated them as ineligible for the stated use. Credit on iron and steel plates, sheets, angles and channels used to repair machinery and as supports for plant and machinery was allowed, since the record showed they functioned as components, parts or accessories of capital goods under the relevant credit provisions, not as civil construction material. Penalty was also set aside because the dispute was purely legal and did not justify penal consequences. Partial relief was therefore granted, with credit upheld for the repair and support items and refused only for welding electrodes. en-us Thu, 24 May 2007 00:00:00 +0530 Mon, 13 Aug 2012 12:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122364 Modvat credit on welding electrodes was disallowed because the Larger Bench view treated them as ineligible for the stated use. Credit on iron and steel plates, sheets, angles and channels used to repair machinery and as supports for plant and machinery was allowed, since the record showed they functioned as components, parts or accessories of capital goods under the relevant credit provisions, not as civil construction material. Penalty was also set aside because the dispute was purely legal and did not justify penal consequences. Partial relief was therefore granted, with credit upheld for the repair and support items and refused only for welding electrodes. Case-Laws Central Excise Thu, 24 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122364