https://www.taxtmi.com/caselaws?id=82779 Transitional MODVAT credit under Rule 57H was construed to extend to duty-paid inputs retained in the factory not only as such, but also when embedded in semi-processed goods or goods under process. The rule was not to be read narrowly, provided the duty-paid character of the inputs and their nexus with the goods under process were established. The availability of credit therefore depended on verification of duty payment documents and factory records, leaving factual confirmation to the assessing authority. On that basis, the assessee's entitlement to transitional credit was upheld in principle. en-us Fri, 23 Jul 1993 00:00:00 +0530 Thu, 07 Jul 2011 12:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82779 Transitional MODVAT credit under Rule 57H was construed to extend to duty-paid inputs retained in the factory not only as such, but also when embedded in semi-processed goods or goods under process. The rule was not to be read narrowly, provided the duty-paid character of the inputs and their nexus with the goods under process were established. The availability of credit therefore depended on verification of duty payment documents and factory records, leaving factual confirmation to the assessing authority. On that basis, the assessee's entitlement to transitional credit was upheld in principle. Case-Laws Central Excise Fri, 23 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82779