1999 (6) TMI 132

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..... Singh, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - In this case, capital goods, credit had been disallowed on air compressor falling under sub-heading 8414.80, spray gun under sub-heading 8424.80 and spares under sub-heading 8424.99. 2. We have heard Shri Alok Arora, ld. Advocate and Shri Satnam Singh, ld. SDR. The first item is air compressor and it is not of .....

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..... clause (d) of the Explanation to Rule 57Q and is, therefore entitled to capital goods credit. The objection to the extension of credit on accessories other than those falling under sub-heading specified under clause (a) to (c) is no longer sustainable due to the clarification dated 2-12-1996, by Circular No. 276/96-TRU wherein it has been clarified that the parts of components, accessories, spares .....

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