https://www.taxtmi.com/caselaws?id=84240 Rule 57D(2) preserved MODVAT credit on inputs used in making an intermediate product that emerges during manufacture of the final product, even if that intermediate product is exempt or chargeable to nil duty. On that basis, credit on inputs used to manufacture PVC ink, later used for printing PVC film and sheeting, required fresh examination rather than outright denial. The record also called for reconsideration in light of the Madras High Court ruling on similar credit claims. The matter was therefore remanded for a fresh decision in accordance with law after hearing the assessee. en-us Tue, 24 Jan 1995 00:00:00 +0530 Wed, 20 Jul 2011 16:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84240 Rule 57D(2) preserved MODVAT credit on inputs used in making an intermediate product that emerges during manufacture of the final product, even if that intermediate product is exempt or chargeable to nil duty. On that basis, credit on inputs used to manufacture PVC ink, later used for printing PVC film and sheeting, required fresh examination rather than outright denial. The record also called for reconsideration in light of the Madras High Court ruling on similar credit claims. The matter was therefore remanded for a fresh decision in accordance with law after hearing the assessee. Case-Laws Central Excise Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84240