2002 (12) TMI 185

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..... istant Commissioner has been denied by the Commissioner (Appeals) in respect of CNC Panel Cooler and split Air Conditioner. The learned Chartered Accountant for the appellants states that both the items are eligible for Modvat credit under the Entry at Sr. No. 5 of the Table in Rule 57Q which allowed components, spares and accessories of the goods specified against Sr. No. 1 to 4. He further cites .....

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..... o Rule 57Q, the CNC Cooling Panel and Air Conditioner are not eligible for Modvat credit as both are classified under heading 84.15 and are specifically excluded. He also states that these items cannot also be considered as parts or accessories under Sr. No. 5 of the said Table. 4. After hearing rival submissions and perusal of case records I find that the case law cited at Sr. No. 1 above consid .....

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