2001 (9) TMI 1034

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....[Order]. - This is an appeal filed by the Revenue against the order-in-appeal No. 263-CE/BPL/2001, dated 10-4-2001 passed by the Commissioner (Appeals), Central Excise and Customs, Bhopal. The issue involved is the admissibility of Modvat credit on capital goods under Rule 57Q. The case was called. Shri Atul Saxena, learned JDR is present on behalf of the Revenue and Shri A.H. Ansari, Advocate i....

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....ng authority has correctly drawn and held that the electric furnace was an eligible capital goods even prior to 16-3-95 as it was covered under the definition of capital goods even prior to that date. Besides, the date of the Notification making the goods specifically eligible for Modvat credit as given in the Notification is not relevant because the Notification itself is clarificatory in nature.....