https://www.taxtmi.com/caselaws?id=88127 Modvat credit was admissible where declared inputs had entered the manufacturing stream and were put to intended use before a fire destroyed the goods at the coating stage. The coating stage formed an integral part of manufacture, so the phrase "used in the manufacture of goods" covered the full conversion process from raw material to finished product. Rule 57F(3) supported credit on inputs intended for use, and Rule 57D protected credit in relation to waste arising during manufacture. Since credit on the quantity destroyed as such had already been reversed, denial of credit on the disputed inputs was unsustainable. en-us Thu, 08 Jan 1998 00:00:00 +0530 Thu, 15 Sep 2011 12:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88127 Modvat credit was admissible where declared inputs had entered the manufacturing stream and were put to intended use before a fire destroyed the goods at the coating stage. The coating stage formed an integral part of manufacture, so the phrase "used in the manufacture of goods" covered the full conversion process from raw material to finished product. Rule 57F(3) supported credit on inputs intended for use, and Rule 57D protected credit in relation to waste arising during manufacture. Since credit on the quantity destroyed as such had already been reversed, denial of credit on the disputed inputs was unsustainable. Case-Laws Central Excise Thu, 08 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88127