2004 (1) TMI 243

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....al against the order in appeal whereby the benefit of Modvat credit in respect of capital goods (moulds) was denied to the appellant. 2. Brief facts of the case are that appellants are manufacturing plastic parts and components of the motor vehicles and were availing the benefit of Modvat credit in respect of inputs as well as capital goods. The appellants manufacturing moulds in their factory ....

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....nufacture of final products. There is no dispute that moulds are capital goods or these were used for the manufacture of final products. As per the provisions of Rule 57Q(6) of the Central Excise Rules, the credit of specified duty paid on capital goods used further in the manufacture of final product in the factory of the same manufacturer is allowable as Modvat credit. The appellants relied upon....