2001 (10) TMI 107

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....Jawahar Lal Gupta, J.]. - Respondent No. 1 is engaged in the manufacture of Flat Rolled products and non-alloy steel. It claimed Modvat credit on "Ammonia Cracking Unit & Nitrogen Gas Generator, Thyristor Panel, Distributor Board/Electric Control Panel and Ingersol-Rand make Air Compressor". The Assistant Commissioner disallowed the claim. Aggrieved by the order, the respondent filed an appeal. Th....

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....as recorded a firm finding that the above-mentioned items are "eligible as capital goods under Rule 57Q(1)(b)…….." Nothing has been pointed out to show that this finding is not correct. In fact, it has been conceded that subsequently a specific provision has been made, as a result of which the items are recognised as entitled to the Modvat credit. 3. Mr. Sehgal submit that for the period fr....