https://www.taxtmi.com/caselaws?id=83933 Modvat credit was considered admissible on inputs used to prepare sand moulds and sand cores for steel castings because those moulds formed an essential intermediate stage in the manufacture of the final product. Rule 57D(2) was read broadly so that an intermediate product emerging in a sequential manufacturing process within the factory remained within credit eligibility, and credit could not be denied merely because the intermediate stage was mould production. By contrast, grinding wheels were treated as tools and therefore fell within the exclusion under Rule 57A, so credit on that item was not available. en-us Mon, 03 Oct 1994 00:00:00 +0530 Mon, 18 Jul 2011 17:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83933 Modvat credit was considered admissible on inputs used to prepare sand moulds and sand cores for steel castings because those moulds formed an essential intermediate stage in the manufacture of the final product. Rule 57D(2) was read broadly so that an intermediate product emerging in a sequential manufacturing process within the factory remained within credit eligibility, and credit could not be denied merely because the intermediate stage was mould production. By contrast, grinding wheels were treated as tools and therefore fell within the exclusion under Rule 57A, so credit on that item was not available. Case-Laws Central Excise Mon, 03 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83933