1997 (9) TMI 339 - AT - Customs

Machinery - Components covers spare parts also - Benefit of Exemption Notification No. 156/86-Cus.,

Summary

The judgment by the Appellate Tribunal CEGAT, New Delhi, in 1997 (9) TMI 339, involved the issue of whether spare parts can be considered as components for the purpose of a customs notification. The Tribunal found that spare parts are considered as components and are eligible for the benefits of the notification. The decision was based on a previous ruling by the Larger Bench. The appeal was disposed of in favor of the assessee.