https://www.taxtmi.com/caselaws?id=86351 Eligibility to Modvat credit depended on the use of aluminium strips in manufacturing caps that were captively consumed in producing dutiable GLS lamps above 60 volts. Goods used as intermediate inputs within the factory had to be assessed by their stage of manufacture and actual captive use, not by the fact that some similar caps were also sold separately. Because the lamps were cleared on payment of duty and the caps were used in that dutiable production stream, denial of credit on the ground that the caps were final exempt products was unsustainable. Modvat credit was therefore available on the aluminium strips. en-us Wed, 15 Jan 1997 00:00:00 +0530 Wed, 24 Aug 2011 12:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86351 Eligibility to Modvat credit depended on the use of aluminium strips in manufacturing caps that were captively consumed in producing dutiable GLS lamps above 60 volts. Goods used as intermediate inputs within the factory had to be assessed by their stage of manufacture and actual captive use, not by the fact that some similar caps were also sold separately. Because the lamps were cleared on payment of duty and the caps were used in that dutiable production stream, denial of credit on the ground that the caps were final exempt products was unsustainable. Modvat credit was therefore available on the aluminium strips. Case-Laws Central Excise Wed, 15 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86351