2005 (6) TMI 178

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....ered is whether capital goods credit is admissible to the respondents in respect of two items viz. (1) cement used in civil foundation to provide structural support to plant and machinery and (2) welding electrodes used for repairs and maintenance of plant and machinery, in March 1995. 2. After hearing both sides and considering their submissions, I find that Modvat credit was allowed to the re....

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.... authority has allowed capital goods credit on welding electrodes under Rule 57Q by relying on the Tribunal's decision in Malabar Cements Ltd. v. CCE, Cochin - 2002 (149) E.L.T. 754 (Tri. - Bang.). In the present appeal, the Revenue has relied on the Tribunal's decision in the case of CCE v. Panyam Cements & Minerals Industries Ltd.- 2003 (160) E.L.T. 278, wherein it was held that welding electrod....