DEEC licence wording governs exemption eligibility for imported refractories, and spare-parts classification could not defeat the notification benefit.

Imported refractory blocks covered by a DEEC licence describing refractories and consumables were treated as eligible for exemption under Notification No. 203/92-Cus. The licence wording governed entitlement, and the department's attempt to classify the goods as spare parts was not accepted because the imported items fell within the authorised description. On that basis, the notification benefit was available to the goods, as the specific import licence terms supported the claim for exemption.

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Issues: Whether refractory blocks imported under a DEEC licence, specifically covering refractories and consumables, were entitled to the benefit of Notification No. 203/92-Cus. despite the department's view that they were spare parts.

Analysis: The licence expressly permitted import of refractories, and the goods imported fell within that description. The department's attempt to exclude the goods on the footing that they were spare parts was not accepted because the specific wording of the licence governed the entitlement. On that basis, the exemption under the notification was held to be available.

Conclusion: The benefit of Notification No. 203/92-Cus. was available to the imported goods, and the assessee succeeded.

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