https://www.taxtmi.com/caselaws?id=95152 Components and spares used with capital goods were treated as prima facie eligible for Modvat credit, even though they were classified under chapter headings not expressly covered by the capital goods definition. The Tribunal relied on the Board's circular clarifying that parts, components and accessories used with specified capital goods qualified for credit. On that basis, it found a prima facie case in favour of the applicants and held that the balance of convenience supported waiver of pre-deposit for hearing the appeal. Waiver of pre-deposit was granted accordingly. en-us Tue, 05 Dec 2000 00:00:00 +0530 Thu, 08 Dec 2011 12:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95152 Components and spares used with capital goods were treated as prima facie eligible for Modvat credit, even though they were classified under chapter headings not expressly covered by the capital goods definition. The Tribunal relied on the Board's circular clarifying that parts, components and accessories used with specified capital goods qualified for credit. On that basis, it found a prima facie case in favour of the applicants and held that the balance of convenience supported waiver of pre-deposit for hearing the appeal. Waiver of pre-deposit was granted accordingly. Case-Laws Central Excise Tue, 05 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95152