1999 (1) TMI 179

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....nbsp;A small amount of Modvat credit of Rs. 8160.00 has been disallowed to the applicants on the Slag Pots by holding that the same are not capital goods covered by the definition of capital goods under Rule 57Q. The use of the Slag Pots as explained by Shri U.P. Maitra, learned Consultant for the applicants, is to collect the red hot liquid wastage metal which comes out from the electric arc furn....