https://www.taxtmi.com/caselaws?id=51065 CEGAT, New Delhi held that rough rolls and parts of machinery falling within the description of inputs were eligible for Modvat credit and exemption benefits. It applied earlier precedent to uphold Notification No. 281/86, construed the exclusion for complete machines or units as not extending to parts thereof, and followed the Larger Bench view that such parts qualified under Notification No. 217/86. The Tribunal also accepted that Notification No. 67/95 applied from 16-03-1995. On that basis, the respondent was entitled to the notified benefits and the Revenue's appeal failed. en-us Mon, 03 Dec 2001 00:00:00 +0530 Wed, 22 Sep 2010 15:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51065 CEGAT, New Delhi held that rough rolls and parts of machinery falling within the description of inputs were eligible for Modvat credit and exemption benefits. It applied earlier precedent to uphold Notification No. 281/86, construed the exclusion for complete machines or units as not extending to parts thereof, and followed the Larger Bench view that such parts qualified under Notification No. 217/86. The Tribunal also accepted that Notification No. 67/95 applied from 16-03-1995. On that basis, the respondent was entitled to the notified benefits and the Revenue's appeal failed. Case-Laws Central Excise Mon, 03 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51065