https://www.taxtmi.com/caselaws?id=81905 Lap film used in burnishing magnetic diskettes was treated as an input for MODVAT credit because it was consumed in the manufacturing process, lost its original identity, and was used in relation to manufacture even though it did not form part of the finished product. The text also explains that the exclusion for machines, machinery, tools, appliances and similar items does not cover substances or consumables used within a machine to carry out manufacture. On that reasoning, lap film was not excluded as a machine, tool or appliance, and denial of MODVAT credit was unsustainable. en-us Tue, 09 Jun 1992 00:00:00 +0530 Wed, 29 Jun 2011 16:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81905 Lap film used in burnishing magnetic diskettes was treated as an input for MODVAT credit because it was consumed in the manufacturing process, lost its original identity, and was used in relation to manufacture even though it did not form part of the finished product. The text also explains that the exclusion for machines, machinery, tools, appliances and similar items does not cover substances or consumables used within a machine to carry out manufacture. On that reasoning, lap film was not excluded as a machine, tool or appliance, and denial of MODVAT credit was unsustainable. Case-Laws Central Excise Tue, 09 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81905