2003 (7) TMI 556

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..... The question for consideration in this appeal is the eligibility to credit under Rule 57Q of the duty paid on channels, angles and threaded bars. The appellant claimed the credit on the ground that these were components or accessories of electric overhead cranes it intended to manufacture which is to be used within its factory. The credit has been denied on the ground that the crane was not .....

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..... credit, there was no crane in existence in its factory and electric overhead travelling crane only came into existence only with the use of the goods under consideration. Therefore, the goods when they were received were not components of the machine or its spare parts. A component of a machine is the one which forms part of that machine. For a component to exist, a machine must be in existence. .....

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