2006 (3) TMI 573

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....dvocate, for the Respondent. [Order]. - Heard both sides and perused the records. 2. The dispute is about Modvat credit on control transformers, inverters, hy-draulic oil and air-conditioners. The appellant is a manufacturer of parts and sub-assemblies for lifts. All items other than air conditioners were directly found to be used in the manufacture of excisable lift parts/segments c....

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....dvat credit, because they are to be treated as inputs. 5. As against this, the ld. JDR has pointed out that the Tribunal has held in the case of Jaypee Bela Plant reported in 2003 (161) E.L.T. 422 (Tribunal-Delhi) that the air-conditioners felling under Heading 84.15 is specifically excluded from the definition of capital goods and Modvat credit is not admissible under Rule 57Q as capital ....