https://www.taxtmi.com/caselaws?id=76007 The High Court of Punjab and Haryana ruled in favor of the assessee regarding the admissibility of modvat credit on wire cloth and felt. The Court held that these materials are eligible for credit as inputs when used in the manufacture of final products, even if they do not fall under the specific category of inputs under Rule 57-A. Citing legal precedents, including the Supreme Court's decision in a similar case, the Court emphasized that materials used in manufacturing final products are eligible for modvat credit. Therefore, the assessee was entitled to claim modvat credit on wire cloth and felt used in the manufacturing process. en-us Thu, 18 Mar 2010 00:00:00 +0530 Mon, 31 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76007 The High Court of Punjab and Haryana ruled in favor of the assessee regarding the admissibility of modvat credit on wire cloth and felt. The Court held that these materials are eligible for credit as inputs when used in the manufacture of final products, even if they do not fall under the specific category of inputs under Rule 57-A. Citing legal precedents, including the Supreme Court's decision in a similar case, the Court emphasized that materials used in manufacturing final products are eligible for modvat credit. Therefore, the assessee was entitled to claim modvat credit on wire cloth and felt used in the manufacturing process. Case-Laws Central Excise Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76007