https://www.taxtmi.com/caselaws?id=82647 Rule 57F(3) under the MODVAT scheme allows credit on declared inputs to be used for payment of duty on any declared final products in or in relation to the manufacture of which those inputs are intended to be used. The provision does not require a one-to-one correlation between each input and each output. Read with Rule 57G and its proviso, the scheme supports utilisation within the same broad class of final products. Where both inputs and outputs are declared and the credit is applied against that class, the broader interpretation is accepted and the objection based on strict matching is rejected. en-us Thu, 22 Jul 1993 00:00:00 +0530 Wed, 06 Jul 2011 15:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82647 Rule 57F(3) under the MODVAT scheme allows credit on declared inputs to be used for payment of duty on any declared final products in or in relation to the manufacture of which those inputs are intended to be used. The provision does not require a one-to-one correlation between each input and each output. Read with Rule 57G and its proviso, the scheme supports utilisation within the same broad class of final products. Where both inputs and outputs are declared and the credit is applied against that class, the broader interpretation is accepted and the objection based on strict matching is rejected. Case-Laws Central Excise Thu, 22 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82647