https://www.taxtmi.com/caselaws?id=112975 Imported spare parts used to replace defective or worn-out machinery parts under the DEEC scheme were treated as components of the machine for exemption purposes. The denial of Notification No. 36/97-Cus. on the ground that it covered only components and not spares was rejected as unsustainable, because the controlling principle is that replacement spares assume the character of machine components. The earlier tribunal view relied on below had been overtaken by an overruled decision and could not govern the issue. The later authoritative position, supported by the Board circular issued on that basis, confirmed eligibility for exemption. en-us Fri, 02 Apr 2004 00:00:00 +0530 Thu, 03 May 2012 11:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112975 Imported spare parts used to replace defective or worn-out machinery parts under the DEEC scheme were treated as components of the machine for exemption purposes. The denial of Notification No. 36/97-Cus. on the ground that it covered only components and not spares was rejected as unsustainable, because the controlling principle is that replacement spares assume the character of machine components. The earlier tribunal view relied on below had been overtaken by an overruled decision and could not govern the issue. The later authoritative position, supported by the Board circular issued on that basis, confirmed eligibility for exemption. Case-Laws Customs Fri, 02 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112975