1998 (3) TMI 291
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..... Manager, for the Respondents. [Order]. - Modvat credit of Rs. 5304/- has been disallowed on the ground that fan coils are not capital goods. 2. Arguing on behalf of the Revenue the ld. DR submits that they are used in the operation of controlling humidity and therefore they are not capital goods. 3. Ld. Counsel on the other hand submits that in their own case reported....
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