https://www.taxtmi.com/caselaws?id=80574 Chemicals used to prepare sand moulds fall outside Modvat credit under Rule 57A where the moulds are separately made and function as equipment or apparatus in the casting process. The exclusion for inputs used in machines, machinery, plant, equipment, apparatus, tools or appliances applies even if moulds may be marketable or excisable. Rule 57D does not preserve credit because independently manufactured moulds used for casting do not arise as intermediate products during manufacture of the final castings. Consequently, the credit claim fails and the departmental demand is sustained. 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 fall outside Modvat credit under Rule 57A where the moulds are separately made and function as equipment or apparatus in the casting process. The exclusion for inputs used in machines, machinery, plant, equipment, apparatus, tools or appliances applies even if moulds may be marketable or excisable. Rule 57D does not preserve credit because independently manufactured moulds used for casting do not arise as intermediate products during manufacture of the final castings. Consequently, the credit claim fails and the departmental demand is sustained. Case-Laws Central Excise Fri, 19 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80574