https://www.taxtmi.com/caselaws?id=85052 PVC film used in the manufacture of cushion compound and for covering tread rubber as packing material was treated as eligible for Modvat credit because its use was a technical necessity and it protected the goods from dust while placing them in the marketable stream. Materials required to render goods marketable, or used for such necessary protection in the course of manufacture, fall within the Modvat credit principle. Credit on the PVC film was therefore admissible, and the Revenue's objection was rejected. en-us Thu, 15 Feb 1996 00:00:00 +0530 Tue, 02 Aug 2011 15:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85052 PVC film used in the manufacture of cushion compound and for covering tread rubber as packing material was treated as eligible for Modvat credit because its use was a technical necessity and it protected the goods from dust while placing them in the marketable stream. Materials required to render goods marketable, or used for such necessary protection in the course of manufacture, fall within the Modvat credit principle. Credit on the PVC film was therefore admissible, and the Revenue's objection was rejected. Case-Laws Central Excise Thu, 15 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85052