https://www.taxtmi.com/caselaws?id=82734 Printing ink manufactured in-house and captively consumed in the production of printed aluminium foil was treated as an intermediate product, not a final product clearing at nil rate, because its character had to be assessed within the specific manufacturing stream. On that basis, Rule 57C did not apply and the case fell within Rule 57D, so Modvat credit on inputs used to make the ink was admissible. The controlling principle is that, for Modvat purposes, intermediate or final status depends on the role of the item in the integrated process and the object of the rules, not merely on its exemption status. en-us Fri, 30 Aug 1991 00:00:00 +0530 Thu, 07 Jul 2011 10:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82734 Printing ink manufactured in-house and captively consumed in the production of printed aluminium foil was treated as an intermediate product, not a final product clearing at nil rate, because its character had to be assessed within the specific manufacturing stream. On that basis, Rule 57C did not apply and the case fell within Rule 57D, so Modvat credit on inputs used to make the ink was admissible. The controlling principle is that, for Modvat purposes, intermediate or final status depends on the role of the item in the integrated process and the object of the rules, not merely on its exemption status. Case-Laws Central Excise Fri, 30 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82734