1995 (10) TMI 134

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..... araman, Member (T)]. There is a delay of 23 days in filing the appeal. After hearing both the sides, I condone the delay and with the consent of both the sides, I take up the appeal itself for disposal. 2. The appeal from the revenue is against the Order-in-Appeal No. NK (927) 292/95, dated 18-5-1995. The issue relates to denial of Modvat credit in respect of 2 items viz. Reduction gear bo .....

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..... because it is also a mechanism for regulating speed and both the gear box and reduction gear box fall in the same chapter heading and sub-heading and there is no dispute on this. When it is also not disputed that the items brought into the aforesaid heading are otherwise for eligible for Modvat credit and when the description also has nexus with the inputs otherwise, the substantive benefit of Mod .....

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