2002 (6) TMI 127

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....iled by M/s. Hindustan Zinc Ltd., arising out of four Orders-in-Appeal, the common issue involved is whether the goods are capital goods eligible for MODVAT Credit under Rule 57Q of the Central Excise Rules, 1944. I stay the recovery of the dues in all the four appeals as the issue involved is in narrow compass and take up all the appeals for final hearing with the consent of both the sides. 2.....

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....s inasmuch the expression "component" means the thing which goes into making of a particular item or that to which item can be resolved; that accordingly if the goods made out of the impugned items are capital goods, these iron and steel items are components and eligible for capital goods credit; that the sheets and plates have been used by them for repairing the damaged parts of heavy machinery u....

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....in Appeal No. E 655/2001/NB-SM, the Appellants have used hot rolled and annealed S.S. sheets for fabricating reactor tank; that these sheets cannot be covered by S. No. 5 of the table below Rule 57Q(1) of the Central Excise Rules, according to which 'components, spares and accessories of the goods specified against S. No. 1 to 4 of the table' are also capital goods; that reactor tank is classifiab....