https://www.taxtmi.com/caselaws?id=83201 Rule 57D(2) preserves Modvat credit on duty-paid inputs where exempt intermediate products emerge during manufacture and are captively consumed in producing dutiable final products. Tariff classification or the fact that an intermediate product is fully and deliberately manufactured does not alter its character as an intermediate product for this purpose. The protection is not limited to accidental by-products or residues; it also applies to intentionally manufactured intermediates used within the factory to make the final dutiable product. Accordingly, exemption available to intermediate resins does not, by itself, justify denial of input credit. en-us Tue, 18 Feb 1992 00:00:00 +0530 Mon, 11 Jul 2011 16:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83201 Rule 57D(2) preserves Modvat credit on duty-paid inputs where exempt intermediate products emerge during manufacture and are captively consumed in producing dutiable final products. Tariff classification or the fact that an intermediate product is fully and deliberately manufactured does not alter its character as an intermediate product for this purpose. The protection is not limited to accidental by-products or residues; it also applies to intentionally manufactured intermediates used within the factory to make the final dutiable product. Accordingly, exemption available to intermediate resins does not, by itself, justify denial of input credit. Case-Laws Central Excise Tue, 18 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83201