2003 (11) TMI 469

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ndent. [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 credit has been wrongly disallowed to the a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....omponents 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 if the same are parts/components of the eligible....