https://www.taxtmi.com/caselaws?id=76750 Felt cloth and wire netting used in the manufacture of paper and paper boards qualify as inputs for Modvat credit under Rule 57-A because the provision extends credit to goods used in or in relation to manufacture, directly or indirectly, even if not contained in the final product. The exclusion for machines, machinery, equipment, apparatus, tools, appliances and capital goods under Rule 57B does not cover these materials. Relying on prior decisions treating similar paper-manufacturing materials as inputs, the court held that credit was available to the assessee and not to be denied as capital goods. en-us Mon, 22 Mar 2010 00:00:00 +0530 Thu, 15 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76750 Felt cloth and wire netting used in the manufacture of paper and paper boards qualify as inputs for Modvat credit under Rule 57-A because the provision extends credit to goods used in or in relation to manufacture, directly or indirectly, even if not contained in the final product. The exclusion for machines, machinery, equipment, apparatus, tools, appliances and capital goods under Rule 57B does not cover these materials. Relying on prior decisions treating similar paper-manufacturing materials as inputs, the court held that credit was available to the assessee and not to be denied as capital goods. Case-Laws Central Excise Mon, 22 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76750