https://www.taxtmi.com/caselaws?id=268621 The Tribunal ruled in favor of the appellant, a company division engaged in manufacturing denim fabrics, in a dispute over duty payment on spare parts capitalized during 1996-97 to 2001-02. The Tribunal held that spare parts used for machinery maintenance became part of the machinery and did not increase its value during debonding. It concluded that duty during debonding is payable on raw materials and depreciated capital goods, not on spare parts, setting aside the duty demand and penalty imposed by the Commissioner. The Tribunal found the extended period invocation unjustified and allowed the appeal. en-us Wed, 22 Apr 2015 00:00:00 +0530 Wed, 24 Feb 2016 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268621 The Tribunal ruled in favor of the appellant, a company division engaged in manufacturing denim fabrics, in a dispute over duty payment on spare parts capitalized during 1996-97 to 2001-02. The Tribunal held that spare parts used for machinery maintenance became part of the machinery and did not increase its value during debonding. It concluded that duty during debonding is payable on raw materials and depreciated capital goods, not on spare parts, setting aside the duty demand and penalty imposed by the Commissioner. The Tribunal found the extended period invocation unjustified and allowed the appeal. Case-Laws Customs Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268621