https://www.taxtmi.com/caselaws?id=88375 Modvat credit was held admissible on transformer oil used in manufacturing transformers because the oil was filled into the transformers before clearance, formed part of the final product's value, and was necessary for the transformer to function. The Board's circular under Rule 57A treated the oil as eligible input since manufacture was not complete until the oil was filled. The earlier Tribunal decision cited by the Revenue was found inapplicable on the facts, and denial of credit was unsustainable. en-us Fri, 20 Mar 1998 00:00:00 +0530 Sat, 17 Sep 2011 14:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88375 Modvat credit was held admissible on transformer oil used in manufacturing transformers because the oil was filled into the transformers before clearance, formed part of the final product's value, and was necessary for the transformer to function. The Board's circular under Rule 57A treated the oil as eligible input since manufacture was not complete until the oil was filled. The earlier Tribunal decision cited by the Revenue was found inapplicable on the facts, and denial of credit was unsustainable. Case-Laws Central Excise Fri, 20 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88375