2005 (12) TMI 191

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....the respondents' appeal was allowed in respect of Modvat credit on tool kits and Jack handle. 2. The respondents have sent their written submissions and have requested to decide the matter on the basis of written submissions. 3. Heard learned D.R. Perused the record. I find that the appellate authority in his Order-in-Appeal has allowed the Modvat credit on kit and jack handles as inputs relying....

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.... the Larger Bench in Bajaj Auto cannot be treated as good law. 5. I find that in the case of Bajaj Auto Ltd. (supra) the Larger Bench at Para 21 in the respondents' own sister concern case after analyzing in detail, came to the conclusion that tool kits would be inputs and credit would be available. 6. Though the Div. Bench in the case of Daewoo Motors came to the conclusion that the decision o....