https://www.taxtmi.com/caselaws?id=51771 The court held that Welding Electrodes used for maintenance purposes were not eligible for Modvat credit under Rule 57Q, overturning the Commissioner (Appeals)' decision. The Member (T) referred to precedent and determined that such electrodes did not qualify as capital goods. The penalty imposed was set aside due to uncertainty on the issue. The Revenue's appeal was partially granted solely concerning the eligibility of Modvat credit on Welding Electrodes used for maintenance. en-us Thu, 26 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 11:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51771 The court held that Welding Electrodes used for maintenance purposes were not eligible for Modvat credit under Rule 57Q, overturning the Commissioner (Appeals)' decision. The Member (T) referred to precedent and determined that such electrodes did not qualify as capital goods. The penalty imposed was set aside due to uncertainty on the issue. The Revenue's appeal was partially granted solely concerning the eligibility of Modvat credit on Welding Electrodes used for maintenance. Case-Laws Central Excise Thu, 26 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51771