https://www.taxtmi.com/caselaws?id=87318 Modvat credit on duty-paid glass bottles was held admissible where the bottles were cleared with aerated waters, because the credit scheme did not justify denying validly earned input credit merely on the basis that the final products had already been filled. The Tribunal treated the distinction between empty bottles in stock and bottles containing aerated waters as artificial and unsupported by the relevant rules. The governing principle applied was that credit on eligible inputs cannot be withdrawn unless the Modvat provisions specifically require reversal or denial, and the impugned denial of credit was therefore set aside with consequential relief. en-us Mon, 13 Oct 1997 00:00:00 +0530 Mon, 05 Sep 2011 12:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87318 Modvat credit on duty-paid glass bottles was held admissible where the bottles were cleared with aerated waters, because the credit scheme did not justify denying validly earned input credit merely on the basis that the final products had already been filled. The Tribunal treated the distinction between empty bottles in stock and bottles containing aerated waters as artificial and unsupported by the relevant rules. The governing principle applied was that credit on eligible inputs cannot be withdrawn unless the Modvat provisions specifically require reversal or denial, and the impugned denial of credit was therefore set aside with consequential relief. Case-Laws Central Excise Mon, 13 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87318