2001 (9) TMI 839

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..... des. 2. Revenue filed this appeal against the order-in-appeal passed by the Commissioner (Appeals) whereby the benefit of Modvat credit in respect of following items was allowed : (i) Spare for High Speed Pinion Shaft Matching Gear Wheel Intermediate Pinion Shaft (ii) Hold Back Device (iii) Inductive Proximity Switches (iv) Spare Kit 3. The contention of the revenue is t .....

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..... p pliances. Any of these goods if used for producing or processing of any goods or for bringing about any change in any substance for the manufacture of final product would be Capital goods , and, therefore, qualify for availing Modvat credit. Per clause (b), the components, spare parts and accessories of the goods mentioned in clause (a) used for the purposes enumerated therein would also be Ca .....

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