2003 (11) TMI 469

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....ri S.C. Pushkarna, JDR, for the Respondent. [Order]. - In this appeal, the challenge has been made by the appellants to the impugned order-in-appeal vide which the Commissioner (Appeals) has affirmed the order-in-original disallowing the Modvat credit of the disputed amount to the appellants on the capital goods, detailed therein. 2. The learned Counsel has contended that the Modvat ....

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.... learned Counsel that these goods being parts/components of the eligible capital goods specified under Clauses No. 1 to 4 of the table, stand covered under the definition of 'capital goods' in terms of Clause No. 5 of the said table, cannot be accepted being wholly mis-conceived. The Modvat credit in respect of only those parts and components in terms of Clause No. 5 of the table, can be allowed i....