2001 (8) TMI 525

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....l filed by the Revenue, the issue involved is whether Modvat credit under Rule 57Q is available to M/s. G.T.M. Synthe tics Ltd. in respect of various items mentioned in the Impugned Order. 2. Shri Ashok Kumar, ld. DR submitted that Lubricant Oil and Greases and electrical goods namely PVC Cables, Servo Regulators, Over load relay, Circuit breaker and parts of motor are not capital goods as t....

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....xus with the final product being produced. They have further submitted that in the case of Jawahar Mills, Tribunal specifically held that Modvat credit is available in respect of wires and cables and control panels. They have also submitted that all the impugned items are eligible for Modvat credit under Rule 57Q. 3. I have considered the submission of both the sides. The expression 'capital....

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....erein, such capital goods will be entitled to Modvat credit Not only the complete machines, machinery etc. "their components, spare parts and accessories are also to be treated as capital goods entitled to Modvat credit." 4. The Commissioner (Appeals) in the impugned order has mentioned the use of the various items as under: - (i) EKKO PVC Cable : Used to connect the machinery to the powe....