1992 (4) TMI 147

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....: Shri A.S. Bhamborkar, Consultant, for the Appellants. [Order]. -  Earlier the application for stay had been considered by me and in exercise of the powers conferred on me under Section 35F of the Central Excises and Salt Act, 1944, I had rejected the stay and directed the appellant to deposit a sum of Rs. 60,775/- with the jurisdictional Assistant Collector, within three weeks of the ....

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....odvat credit under Rule 57A of the Central Excise Rules, 1944. The appellants were heard on 5-8-1991 when Shri A.S. Bhamborkar, Excise Consultant appeared. He reiterated the written submissions. He further submitted that the steel shots are - (1) required to make the goods marketable and in the light of the judgment of the Hon'ble Supreme Court in the case of M/s. Eastend Paper Industri....

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....cascading effect on prices and denial of modvat credit of steel shots would defeat the very purpose of the introduction of modvat scheme. I have gone through the oral and written submission. I cannot agree with the appellants' contention that Plant/equipment/Machinery etc. should fall under the category of 'Capital Goods' to be excluded from availment of Modvat credit. This is evident from the ....