https://www.taxtmi.com/caselaws?id=244458 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the respondent, allowing the Modvat credit on items like hydraulic jacks, ammonia paper, and parts of locomotive in the manufacturing process of transformers. The Tribunal upheld the decision based on the essentiality of the hydraulic jack in lifting transformer tanks for maintenance, following the precedent set by the Larger Bench in Bajaj Auto Ltd. The Revenue's appeal was rejected, affirming the right of the assessee to avail Modvat credit for excise duty paid on essential items. en-us Tue, 09 Jul 2013 00:00:00 +0530 Thu, 27 Feb 2014 06:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244458 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the respondent, allowing the Modvat credit on items like hydraulic jacks, ammonia paper, and parts of locomotive in the manufacturing process of transformers. The Tribunal upheld the decision based on the essentiality of the hydraulic jack in lifting transformer tanks for maintenance, following the precedent set by the Larger Bench in Bajaj Auto Ltd. The Revenue's appeal was rejected, affirming the right of the assessee to avail Modvat credit for excise duty paid on essential items. Case-Laws Central Excise Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244458