https://www.taxtmi.com/caselaws?id=80574 Chemicals used to prepare sand moulds were treated as inputs used in equipment or apparatus for manufacture, so they fell within the exclusion in the explanation to Rule 57A and did not qualify for Modvat credit. The note also rejects the alternative argument under Rule 57D, stating that the moulds were separately manufactured and used for casting, rather than arising as intermediate products in the course of making the castings. The point whether the moulds were marketable or finished excisable goods was treated as immaterial to that controversy. On that reasoning, the demand was sustained and the assessee's claim failed. en-us Fri, 19 Jan 1990 00:00:00 +0530 Fri, 17 Jun 2011 16:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80574 Chemicals used to prepare sand moulds were treated as inputs used in equipment or apparatus for manufacture, so they fell within the exclusion in the explanation to Rule 57A and did not qualify for Modvat credit. The note also rejects the alternative argument under Rule 57D, stating that the moulds were separately manufactured and used for casting, rather than arising as intermediate products in the course of making the castings. The point whether the moulds were marketable or finished excisable goods was treated as immaterial to that controversy. On that reasoning, the demand was sustained and the assessee's claim failed. Case-Laws Central Excise Fri, 19 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80574