https://www.taxtmi.com/caselaws?id=81271 Wire mesh and woollen felts used in the paper machine section were held ineligible for Modvat credit because they functioned as parts of machinery used to keep the paper-making equipment operational, not as inputs directly used in manufacture. The Modvat scheme was treated as extending only to goods used in or in relation to manufacture of the finished product, and not to machinery, equipment, apparatus, or their functional parts. On that basis, the denial of credit was upheld and the assessee's claim failed on the substantive issue. en-us Tue, 26 Mar 1991 00:00:00 +0530 Thu, 23 Jun 2011 15:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81271 Wire mesh and woollen felts used in the paper machine section were held ineligible for Modvat credit because they functioned as parts of machinery used to keep the paper-making equipment operational, not as inputs directly used in manufacture. The Modvat scheme was treated as extending only to goods used in or in relation to manufacture of the finished product, and not to machinery, equipment, apparatus, or their functional parts. On that basis, the denial of credit was upheld and the assessee's claim failed on the substantive issue. Case-Laws Central Excise Tue, 26 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81271