2001 (9) TMI 1031

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....or the Respondent. [Order]. - M/s. Bindal Industries have filed this appeal being aggrieved by impugned order dt. 15-12-98. Ld. Commissioner (Appeals) had denied them Modvat credit on Polyester resin and caustic soda holding that they were not inputs. He also denied them Modvat credit on wire, cables, controlled panel, S.S. Castings, S.S. Wire, Indwool ceramic fibre blanket on the ground tha....

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.... the category of capital goods because polyester resin is used as a lining material like refractories and ramming mass. Ld. Counsel submits that in so far as admissibility of Modvat credit as capital goods under Rule 57Q in regard to wires, cables, controlled panel etc. is concerned, the issue has now been decided by the Apex Court in the case of Jawahar Mills Ltd. reported in 2001 (132) E.L.T.....

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....bmits that the use of polyester resin and caustic soda is not specifically brought out to prove that they are inputs or capital goods. Regarding S.S. Castings, S.S. Wires and Indwool fibre blankets, ld. DR submits that the applicant had not explained as to how these items are used in the process of manufacture of wires. In regard to taking credit on original invoices he submits that this issue ....