https://www.taxtmi.com/caselaws?id=86317 Modvat credit was discussed as available for steel ingots, blooms and billets used in manufacture of further steel products where both the intermediate and final products were disclosed in the Rule 57G declaration. The absence of tariff specifications such as size or thickness, and the lack of a one-to-one correlation between inputs and final products, was treated as insufficient to deny credit. The text also notes that mild steel tubes used as lancing pipes to carry oxygen into molten metal were regarded as eligible inputs because their functional use was in the manufacturing process. The commentary states that credit should not be denied merely because goods also appear in the production chain as intermediate or final products. en-us Fri, 27 Dec 1996 00:00:00 +0530 Wed, 24 Aug 2011 10:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86317 Modvat credit was discussed as available for steel ingots, blooms and billets used in manufacture of further steel products where both the intermediate and final products were disclosed in the Rule 57G declaration. The absence of tariff specifications such as size or thickness, and the lack of a one-to-one correlation between inputs and final products, was treated as insufficient to deny credit. The text also notes that mild steel tubes used as lancing pipes to carry oxygen into molten metal were regarded as eligible inputs because their functional use was in the manufacturing process. The commentary states that credit should not be denied merely because goods also appear in the production chain as intermediate or final products. Case-Laws Central Excise Fri, 27 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86317