2001 (8) TMI 522

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....-  In this appeal filed by M/s. Himachal Futuristic Communications Ltd., the issue involved is whether Modvat credit under Rule 57Q is available in respect of selective level meter and PCM Terminal Test Set. 2. Shri Ajay Jain, learned Advocate submitted that Applicants manufacture sophisticated Electrical Equipments for communication purpose; that sophisticated equipments cannot be man....

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....e meter, Volt meter and Vacuum Pump. The reliance was also placed on the decision in the case of CCE, Chennai v. Cut Fast Abrasives Tools Ltd., 2001 (136) E.L.T. 710 (T) = 2001 (97) ECR 334 and CCE, Indore v. Nicholas Piramal India Ltd., 2000 (118) E.L.T. 408 (T). 3. Countering the arguments, Shri Ashok Kumar, learned DR, reiterated the findings as contained in the Impugned Order to the effe....