2001 (12) TMI 774

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....Respondent. [Order]. - This is an appeal filed by the Revenue against the impugned order, dated 18-12-97 passed by the Commissioner of Customs and Central Excise (Appeals), Bangalore. 2. Issue relates to availing of Modvat credit on lubricating oil and coolants used in the machinery. The Commissioner (Appeals) in the impugned order has observed that without transformer oil, transform....

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....ar No. 344/60/97-CX, dated 22-10-97 that without transformer oil, transformer cannot function and transformer oil acts as a coolant which is vital in the functioning of the transformer. Similarly position also holds goods for the hydraulic oil used in the hydraulic system. Accordingly, denial of Modvat credit on transformer oil and hydraulic oil is also not correct and proper since its use is indi....