https://www.taxtmi.com/caselaws?id=76003 Modvat credit was held admissible on explosives used in limestone mining because the mining activity was treated as part of a factory under Section 2(f) of the Central Excise Act read with Rule 57A of the Central Excise Rules. Rule 57A allows credit for inputs used in or in relation to the manufacture of final products, whether directly or indirectly and whether or not they are contained in the final product. Rule 57B excludes machinery and capital goods, but not such inputs. On that basis, the explosives qualified as eligible inputs, and credit was allowed in favour of the assessee. en-us Thu, 18 Mar 2010 00:00:00 +0530 Sat, 29 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76003 Modvat credit was held admissible on explosives used in limestone mining because the mining activity was treated as part of a factory under Section 2(f) of the Central Excise Act read with Rule 57A of the Central Excise Rules. Rule 57A allows credit for inputs used in or in relation to the manufacture of final products, whether directly or indirectly and whether or not they are contained in the final product. Rule 57B excludes machinery and capital goods, but not such inputs. On that basis, the explosives qualified as eligible inputs, and credit was allowed in favour of the assessee. Case-Laws Central Excise Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76003