https://www.taxtmi.com/caselaws?id=87356 Foundry chemicals and resins used in sand mixtures for preparing sand moulds and sand cores were treated as eligible for Modvat credit because the moulds were incapable of being marketed and were not marketable or excisable goods. The Larger Bench further held that these inputs were used in relation to the manufacture of steel castings, so credit could be utilised towards duty on the castings. On that basis, the earlier contrary view was considered incorrect and Modvat credit on the foundry chemicals was held admissible. en-us Fri, 30 May 1997 00:00:00 +0530 Mon, 05 Sep 2011 14:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87356 Foundry chemicals and resins used in sand mixtures for preparing sand moulds and sand cores were treated as eligible for Modvat credit because the moulds were incapable of being marketed and were not marketable or excisable goods. The Larger Bench further held that these inputs were used in relation to the manufacture of steel castings, so credit could be utilised towards duty on the castings. On that basis, the earlier contrary view was considered incorrect and Modvat credit on the foundry chemicals was held admissible. Case-Laws Central Excise Fri, 30 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87356