2006 (3) TMI 409

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..... Oral)]. This is a Revenue Appeal arising from Order-in-Appeal No. 127/04 C.E., dated 21-6-2004 passed by the Commissioner (A), Guntur by which he has allowed Modvat credit in respect of spares/components/accessories irrespective of their classification in terms of the Board s Circular No. 276/110/96-TRU, dated 2-12-1996. The findings recorded in Para 5 of the order is reproduced herein below .....

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..... e has been made about their classification. Therefore, the scope of this entry is not restricted only, to the components/spares/accessories falling under Chapters 82, 84, 85 or 90, but covers all components, spares and accessories of the specified goods irrespective of their classification. The instant issue is related to the period of May, 1999 and is covered by the Board s Circular No. 276/110/9 .....

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..... the appeal. 3. We find that the Modvat credit involved is Rs. 23,335/- and the Commissioner has given a correct reason for allowing the Modvat credit in respect of the items. He has rightly held that the Board s Circular is clearly applicable. There is no dispute about duty paid nature of the goods/components and their use in the factory in relation to production of the final production viz., ce .....

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