https://www.taxtmi.com/caselaws?id=88571 Modvat credit was recognised as admissible on disputed items used in the manufacturing process, including goods described as parts of machinery, because binding precedent had already accepted credit where such goods were used in relation to manufacture of finished products. The Tribunal followed the earlier Larger Bench and related decisions, and rejected the objection that the items lost eligibility merely because they were not conventional inputs. The operative principle is that use in the manufacturing process can sustain Modvat eligibility even where the goods are characterised as machinery parts. en-us Mon, 09 Mar 1998 00:00:00 +0530 Mon, 19 Sep 2011 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88571 Modvat credit was recognised as admissible on disputed items used in the manufacturing process, including goods described as parts of machinery, because binding precedent had already accepted credit where such goods were used in relation to manufacture of finished products. The Tribunal followed the earlier Larger Bench and related decisions, and rejected the objection that the items lost eligibility merely because they were not conventional inputs. The operative principle is that use in the manufacturing process can sustain Modvat eligibility even where the goods are characterised as machinery parts. Case-Laws Central Excise Mon, 09 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88571