Modvat credit on mine explosives denied for cement manufacture, following binding Larger Bench precedent.

Modvat credit on explosives used in mines for cement manufacture was held unavailable because the claim was covered by the Larger Bench ruling in Jaypee Rewa Cement, which had already settled that a cement manufacturer cannot take credit on such explosives. Applying that binding precedent, the denial of credit was sustained and the impugned order was upheld.

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Issues: Whether the appellant was entitled to Modvat credit on explosives used in mines for manufacture of cement.

Analysis: The claim was held to be covered against the appellant by the Larger Bench decision in Jaypee Rewa Cement, which had already settled that a cement manufacturer is not entitled to credit on explosives used in mines.

Conclusion: The appellant was not entitled to Modvat credit on explosives used in mines, and the impugned order denying the credit was upheld.

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