2007 (2) TMI 540

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....Advocate, for the Respondent. [Order]. - Being aggrieved with the order passed by the Commissioner (Appeals) Revenue has filed the present appeals. 2. After hearing both sides I find that the issue involved in the appeals against M/s. Mangalam Rasayan P. Ltd. and Mangalam Polysters Ltd. are on the issue as to whether chlorine tonners, which are storage container/cylinder are eligible Modv....

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....rough tonner or some other storage tank thing. Furthermore, the period in which credit was availed was prior to 23-7-96 viz. when specific definition of Capital Goods was given prior to this the definition of capital goods was the plant or machinery used in the production or processing or to bring about any change in any substance in the manufacture of final product and includes components spare ....

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....msp;Other 2 appeals in the case of Velson Polyesters Ltd. and Dhanlaxmi Mills are in respect of Modvatability on inputs like paper tube and antistatic oil in the manufacture of texturised yarn. The Revenue's contention is that since the yarn was taxable as per tariff value fixed by the Government, it cannot be said that cost of above packaging material was added in the assessable value of the fina....