https://www.taxtmi.com/caselaws?id=88468 The tribunal allowed the appeal, stating that the denial of Modvat credit on oxygen in cylinders was unjustified. It found that the manufacturing process involved various excisable commodities before producing liquid oxygen, which was used to make the final product. Emphasizing the lack of a direct relationship between inputs and outputs in the Modvat scheme, the tribunal held that the appellants were entitled to utilize the credit even if the inputs were not immediately used. The issue of the demand being time-barred was not addressed due to the appeal's success. en-us Fri, 25 Jul 1997 00:00:00 +0530 Mon, 19 Sep 2011 11:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88468 The tribunal allowed the appeal, stating that the denial of Modvat credit on oxygen in cylinders was unjustified. It found that the manufacturing process involved various excisable commodities before producing liquid oxygen, which was used to make the final product. Emphasizing the lack of a direct relationship between inputs and outputs in the Modvat scheme, the tribunal held that the appellants were entitled to utilize the credit even if the inputs were not immediately used. The issue of the demand being time-barred was not addressed due to the appeal's success. Case-Laws Central Excise Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88468