https://www.taxtmi.com/caselaws?id=88450 Modvat credit on fuel oil used to generate steam was admissible because the fuel oil was a notified input under Rule 57A and the steam formed part of an integrated captive manufacturing process for hardboard. The emergence of an exempted intermediate product did not justify denial of credit where the intermediate product was not cleared as such. Rule 57D(2) supports credit in such circumstances, and captive intermediate goods used within the factory retain their character as intermediate products for Modvat purposes. en-us Mon, 07 Apr 1997 00:00:00 +0530 Sat, 17 Sep 2011 18:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88450 Modvat credit on fuel oil used to generate steam was admissible because the fuel oil was a notified input under Rule 57A and the steam formed part of an integrated captive manufacturing process for hardboard. The emergence of an exempted intermediate product did not justify denial of credit where the intermediate product was not cleared as such. Rule 57D(2) supports credit in such circumstances, and captive intermediate goods used within the factory retain their character as intermediate products for Modvat purposes. Case-Laws Central Excise Mon, 07 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88450