https://www.taxtmi.com/caselaws?id=84876 Modvat credit was held admissible on inputs used to manufacture carbon ink, which was captively consumed as an ingredient in making carbon paper. The exemption attaching to the intermediate carbon ink did not disqualify credit under the Modvat scheme because the final product was dutiable. In the absence of any contrary authority, the departmental objection to the credit was rejected. en-us Wed, 22 Nov 1995 00:00:00 +0530 Mon, 01 Aug 2011 12:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84876 Modvat credit was held admissible on inputs used to manufacture carbon ink, which was captively consumed as an ingredient in making carbon paper. The exemption attaching to the intermediate carbon ink did not disqualify credit under the Modvat scheme because the final product was dutiable. In the absence of any contrary authority, the departmental objection to the credit was rejected. Case-Laws Central Excise Wed, 22 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84876