https://www.taxtmi.com/caselaws?id=86189 Goods consumed in the manufacture of printed circuit boards, or used to render the final product marketable, were treated as eligible inputs for Modvat credit unless they fell within the excluded categories of tools, machinery, plant, equipment or similar items. On that basis, credit was allowed for bakelite sheets, aluminium clad entry foil, back-up laminates, polyester screen mesh, acid degreasers and packing paper/rolls, while credit was denied for tungsten carbide or solid carbide drill bits as excluded tools. The order was modified accordingly, with the assessee succeeding only in part. en-us Mon, 18 Nov 1996 00:00:00 +0530 Wed, 10 Aug 2011 17:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86189 Goods consumed in the manufacture of printed circuit boards, or used to render the final product marketable, were treated as eligible inputs for Modvat credit unless they fell within the excluded categories of tools, machinery, plant, equipment or similar items. On that basis, credit was allowed for bakelite sheets, aluminium clad entry foil, back-up laminates, polyester screen mesh, acid degreasers and packing paper/rolls, while credit was denied for tungsten carbide or solid carbide drill bits as excluded tools. The order was modified accordingly, with the assessee succeeding only in part. Case-Laws Central Excise Mon, 18 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86189