https://www.taxtmi.com/caselaws?id=83311 Inputs used in the preparation of matrices for gramophone records were treated as eligible for Modvat credit because the matrices were captively consumed intermediate products in the manufacturing stream, not independent final products. The reasoning distinguished a matrix from a tool, appliance or equipment: a matrix serves as a transfer medium that is used up in carrying recorded matter to the final product, rather than acting on raw material as an excluded appliance would. On that basis, inputs used to make the matrices were inputs in relation to the manufacture of the records, and the disallowance of credit was held unsustainable. en-us Thu, 12 May 1994 00:00:00 +0530 Tue, 12 Jul 2011 16:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83311 Inputs used in the preparation of matrices for gramophone records were treated as eligible for Modvat credit because the matrices were captively consumed intermediate products in the manufacturing stream, not independent final products. The reasoning distinguished a matrix from a tool, appliance or equipment: a matrix serves as a transfer medium that is used up in carrying recorded matter to the final product, rather than acting on raw material as an excluded appliance would. On that basis, inputs used to make the matrices were inputs in relation to the manufacture of the records, and the disallowance of credit was held unsustainable. Case-Laws Central Excise Thu, 12 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83311