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of <h1>Tribunal grants exemption on 'Wrist Watch Straps' as essential components, aligning with Apex Court precedent.</h1> <h3>STELEX Versus COMMISSIONER OF CENTRAL EXCISE, VADODARA</h3> The tribunal allowed the appeals, determining that 'Wrist Watch Straps' manufactured by the appellants were entitled to exemption under a specific ... Watch, wrist watch - Components Issues:1. Whether 'Wrist Watch Straps' manufactured by the appellants are entitled to exemption under a specific notification.Analysis:The central issue in this case revolved around the eligibility of 'Wrist Watch Straps' for exemption under a particular notification. The tribunal considered the decisions of previous cases to determine the classification of watch straps. The appellant argued that watch straps should be considered under the heading for Watch Components, thus qualifying for the exemption. The respondent, on the other hand, relied on different tribunal decisions and a customs notification to assert that watch straps were not entitled to the exemption granted to watch components.The tribunal examined the precedents set by previous cases, notably the decision of the Apex Court in the case of Titan Watches Ltd., which was crucial in influencing the outcome of this case. It was highlighted that the earlier decisions that denied the benefit to watch straps did not consider the Apex Court's ruling. The tribunal concluded that watch straps are not merely accessories but essential components of a wristwatch. Importantly, the listing of components in the customs notification was deemed non-exhaustive, indicating a desire to limit the benefit to named components. In contrast, the central excise notification did not restrict eligibility based on component names. Therefore, the tribunal found no justification to deny the benefit to wristwatch straps, aligning with the Apex Court's order and ultimately allowing the appeals.In conclusion, the tribunal's decision to allow the appeals was based on the interpretation of the eligibility criteria under the relevant notifications, the essential nature of watch straps as components, and the influence of the Apex Court's ruling on the classification of watch straps. The judgment emphasized the non-exhaustive nature of the customs notification listing and the absence of limitations based on component names in the central excise notification, leading to the favorable outcome for the appellants regarding the exemption for 'Wrist Watch Straps.'
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