Refractory bricks as spare parts qualified as components for exemption under the customs notification.

Spare parts imported as refractory bricks were treated as components for exemption under Notification No. 156/86-Cus., because the applicable Larger Bench interpretation held that component parts in the notification include spare parts intended for use as such. On that construction, refractory bricks imported for spare-parts use qualified for the exemption, and the assessee was entitled to the benefit.

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Issues: Whether spare parts imported as refractory bricks could be treated as components for the purpose of claiming exemption under Notification No. 156/86-Cus. dated 1-3-1986.

Analysis: The issue was treated as covered by the Larger Bench decision, which had held that component parts referred to in the notification include spare parts and that the benefit of the notification is available to imports of refractory bricks intended for use as spare parts. The same interpretation was applied to the present dispute.

Conclusion: Spare parts were held to be covered by the notification as components, and the assessee was entitled to the benefit of exemption.

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