https://www.taxtmi.com/caselaws?id=84169 Consumables and process chemicals used integrally in manufacture were treated as eligible Modvat inputs: liquid nitrogen served to create an inert atmosphere and transfer molten monomer, thermex maintained reaction temperature, finor was used in drawing and heat-setting, and KEM Watreat supported the cooling system. The corresponding credit was therefore admissible. Credit utilisation was also upheld for clearances of similar final products where part of the output was exported under Rule 191BB, because export under bond formed part of the export procedure and could not be treated as exempt or nil-rated clearance absent an express bar. The assessee was thus entitled to the disputed Modvat credit and its utilisation. en-us Wed, 26 Apr 1995 00:00:00 +0530 Wed, 20 Jul 2011 11:32:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84169 Consumables and process chemicals used integrally in manufacture were treated as eligible Modvat inputs: liquid nitrogen served to create an inert atmosphere and transfer molten monomer, thermex maintained reaction temperature, finor was used in drawing and heat-setting, and KEM Watreat supported the cooling system. The corresponding credit was therefore admissible. Credit utilisation was also upheld for clearances of similar final products where part of the output was exported under Rule 191BB, because export under bond formed part of the export procedure and could not be treated as exempt or nil-rated clearance absent an express bar. The assessee was thus entitled to the disputed Modvat credit and its utilisation. Case-Laws Central Excise Wed, 26 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84169