1999 (5) TMI 136

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....Shri Rajesh Chhibber, Advocate, for the Respondents. [Order per : G.R. Sharma, Member (T)]. - The Revenue has filed the above captioned three appeals against the orders of the learned Commissioner (Appeals) allowing Modvat credit on electrical components, OCB, Voltage Controller and Sandvik Tips in Appeal No. 1156 and welding rods and lubricating oil as inputs in Appeal No. E/1157 and weldin....

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....er, learned Counsel appearing for the respondents submits that the Tribunal has been consistently holding that electrical components, OCB, voltage controller and oils are capital goods and that direct use of an item to be considered as capital goods is not required nor is direct nexus required to be established. He submits that the learned Collector (Appeals) in Appeal No. E/1157 held that Modvat ....

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....edit to sandvik tips which are nothing but tips of tools used in a lathe machines and since they are used in a lathe machine, they are capital goods. 5. In so far as Appeal No. 1157 is concerned, we agree with the contention of the learned Counsel for the appellants that Modvat credit on welding rods and lubricating oil has been allowed by the learned Commissioner (Appeals) as inputs. Ther....