https://www.taxtmi.com/caselaws?id=73893 Captively manufactured and captively consumed duty-paid inputs were eligible for MODVAT credit where they were used in or in relation to the manufacture of the final product and were duly declared and accepted under the scheme. The later amendment to the Explanation was treated as clarificatory, because a contrary view would wrongly let the Explanation override the substantive rule and create an irrational distinction between duty-paid inputs bought from outside and those manufactured within the factory. Credit was therefore available for the period before the amendment, and the assessee was entitled to retain it. en-us Thu, 04 Aug 1988 00:00:00 +0530 Sat, 04 Jun 2011 12:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73893 Captively manufactured and captively consumed duty-paid inputs were eligible for MODVAT credit where they were used in or in relation to the manufacture of the final product and were duly declared and accepted under the scheme. The later amendment to the Explanation was treated as clarificatory, because a contrary view would wrongly let the Explanation override the substantive rule and create an irrational distinction between duty-paid inputs bought from outside and those manufactured within the factory. Credit was therefore available for the period before the amendment, and the assessee was entitled to retain it. Case-Laws Central Excise Thu, 04 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73893