https://www.taxtmi.com/caselaws?id=87451 Modvat credit under Rule 57A was considered for locks and padlocks supplied with transformers as inputs used in or in relation to manufacture. The fittings were treated as integral to the transformers when supplied commercially, because the transformer design required them to safeguard the lubricant oil. Credit was not treated as automatically available, however, and its allowance depended on verification that the value of the locks and padlocks was included in the assessable value of the transformers for excise purposes. The issue therefore turned on functional integration with the final product and corresponding valuation treatment. en-us Tue, 18 Nov 1997 00:00:00 +0530 Tue, 06 Sep 2011 11:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87451 Modvat credit under Rule 57A was considered for locks and padlocks supplied with transformers as inputs used in or in relation to manufacture. The fittings were treated as integral to the transformers when supplied commercially, because the transformer design required them to safeguard the lubricant oil. Credit was not treated as automatically available, however, and its allowance depended on verification that the value of the locks and padlocks was included in the assessable value of the transformers for excise purposes. The issue therefore turned on functional integration with the final product and corresponding valuation treatment. Case-Laws Central Excise Tue, 18 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87451