Rule 57Q credit extends to parts and accessories of moulds and dies classified under Chapter 84.

Rule 57Q treated moulds and dies as eligible capital goods, and goods under Chapter 84 were also covered by the relevant table entries. On that basis, parts and accessories of moulds and dies classifiable under sub-heading 8480.10 were held eligible for credit as components, spares and accessories of the covered capital goods. A Tribunal precedent supporting credit on accessories of moulds reinforced this interpretation, and the Revenue's challenge failed.

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Issues: Whether credit under Rule 57Q was admissible on parts and accessories of moulds and dies classified under sub-heading 8480.10.

Analysis: Rule 57Q treated moulds and dies as eligible capital goods, and the table also covered goods falling under Chapter 84. The reasoning accepted that moulds and dies under sub-heading 8480.10 were within the ambit of the relevant serials in the table, and that components, spares and accessories of goods covered by the earlier serials were separately eligible. The view was supported by the Tribunal precedent relied upon, which held that accessories or components of moulds could qualify for credit.

Conclusion: Credit on parts and accessories of moulds and dies was admissible, and the Revenue's challenge failed.

Ratio Decidendi: Where moulds and dies are eligible capital goods under Rule 57Q and fall within Chapter 84, their parts and accessories are also eligible for credit as components, spares and accessories covered by the relevant table entry.

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