2005 (1) TMI 129

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.... [Order per : Jyoti Balasundaram, Vice-President]. - The issue referred to the Larger Bench is whether Modvat credit is admissible on capital goods used in mines. 2. We have heard both sides. We note that in a recent judgment of September 2004 the Apex Court in CCE, Udaipur v. J.K. Udaipur Udyog - 2004 (171) E.L.T. 289 (S.C.) has held that input credit is admissible only if the inputs are used i....