2002 (4) TMI 83

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....ahar Lal Gupta, J. (Oral)]. - The first respondent is engaged in the manufacture of motor vehicle parts. It claimed Modvat credit in respect of various items including grinding wheels. The Assessee's claim was rejected by the Deputy Commissioner. However, on appeal, the claim was allowed. The Revenue challenged the order before the Tribunal. The appeal was dismissed. The Revenue has now filed this....

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....se, it has been held as under :- "In view of the above, the position that emerges is that if the two products are treated as inputs, the assessee is entitled to Modvat credit under Rule 57-A. However, if these are excluded from inputs by virtue of the Explanation and are included in the category of machines etc., then the Modvat credit shall be admissible under Rule 57-Q. In the ultimate analys....