1999 (8) TMI 211

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....ania, JDR, for the Respondent. [Order ]. -  In this case capital goods credit has been denied on items such as distribution board, pressure switches, PVC defusers, regulators, LT panels, etc., which the appellants claimed to be electrical items which are components of textile machinery used in the manufacture of man-made yarn. Learned Counsel submits that the exact use and function of e....

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....;On a careful consideration of the submissions of both sides and having regard to the broad description of at least of some of the items, it appears that the appellants are correct in their contention that the items are in the nature of electrical items which would be eligible to credit in the light of the Larger Bench decision cited supra. However, since the purpose and functions of each item req....