2002 (1) TMI 67

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....ahar Lal Gupta, J. (Oral)]. - M/s. Eastman Cast & Forge Ltd., Ludhiana, is engaged in the manufacture of Hand Tools. It submitted its 'return' for the period from December, 1994 to March, 1995. It claimed Modvat credit of Rs. 66,175.20 P. This claim was rejected by the Assessing Officer on the ground that the Aloric Belt, Shaka Hearth and Grinding Wheel were not used for manufacturing or processin....

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.... had been claimed by the respondent-assessee are not covered by the provision of Rule 57Q. Is it so? 3.At the relevant time the capital goods under Rule 57Q of the Rules were defined as under :- "Machine, machinery, plant, equipment, apparatus, tools, appliances as well as their components, spare parts and accessories used for producing or processing of any goods or for bringing about any ch....