1999 (8) TMI 195

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dvocate, for the Respondent. [Order]. -  The short point to be considered in this case is whether jib crane can be considered as eligible capital goods to avail Modvat credit 2. Following the series of decision of the Tribunal the Commissioner (Appeals) held that any machinery/equipment used for handling the raw materials and final product inside the factory during the process o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tal goods has been extended by specifying a larger number of machinery which will qualify for credit under Rule 57Q. In respect of such capital goods, it has been provided that so long these are used in the factory of product, credit will be allowed, without the need to establish as to whether such capital goods are used in the manufacture of finished goods. It may be clarified that any equipment ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... as it stood in 1994-95 and 1995-96 and we, therefore, see force in the contention of the assessees that the items which are recognised as eligible to capital goods credit by Notification 14/96 are items covered by Explanation 1(a) and it cannot be contended by the Revenue that these items are not covered by the Headings mentioned in Notification 14/96 or that the items are not capital goods withi....