https://www.taxtmi.com/caselaws?id=87515 Coated abrasive paper used only for finishing and polishing plywood remained eligible for Modvat credit because it did not form part of the final product. The exclusion clause for disallowed inputs was held to require strict construction, and the paper was not shown to fall within any specifically excluded category or to be a tool. The Tribunal followed its earlier view in the assessee's own case and rejected the Revenue's contrary reliance, upholding entitlement to Modvat credit. en-us Wed, 05 Mar 1997 00:00:00 +0530 Tue, 06 Sep 2011 15:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87515 Coated abrasive paper used only for finishing and polishing plywood remained eligible for Modvat credit because it did not form part of the final product. The exclusion clause for disallowed inputs was held to require strict construction, and the paper was not shown to fall within any specifically excluded category or to be a tool. The Tribunal followed its earlier view in the assessee's own case and rejected the Revenue's contrary reliance, upholding entitlement to Modvat credit. Case-Laws Central Excise Wed, 05 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87515