2015 (10) TMI 1343

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....AR) ORDER Per: R Periasami: The issue relates to denial of capital goods credit on the spare parts, purchased for replacement of the damaged parts caused due to a fire accident in 2006. 2. Ld. Advocate submits that the original capital goods were purchased in the year 1991 and no modvat credit scheme was available at that time. He submits that after the fire accident, appellants got co....

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....riginal equipment was purchased in 1991 where no credit scheme was in force. Prima facie , I find that there was no such provision in Cenvat rules for denial of capital goods credit on the parts imported for replacement, particularly during that period original equipments were not covered under modvat scheme. Compensation scheme from the insurance company has no relevance for availment of credit o....