https://www.taxtmi.com/caselaws?id=88712 Modvat credit on fuel oil and light diesel oil used to generate steam for pigment manufacture was admissible because the steam formed an intermediate product used in or in relation to manufacture. Exemption of the steam from duty did not invoke Rule 57C to deny credit on inputs used in its generation. The later amendment to Rule 57D(2) did not imply that credit was unavailable earlier, as the rule was treated as sufficiently plain to cover the situation. Denial of credit was therefore unsustainable. en-us Thu, 17 Apr 1997 00:00:00 +0530 Tue, 20 Sep 2011 17:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88712 Modvat credit on fuel oil and light diesel oil used to generate steam for pigment manufacture was admissible because the steam formed an intermediate product used in or in relation to manufacture. Exemption of the steam from duty did not invoke Rule 57C to deny credit on inputs used in its generation. The later amendment to Rule 57D(2) did not imply that credit was unavailable earlier, as the rule was treated as sufficiently plain to cover the situation. Denial of credit was therefore unsustainable. Case-Laws Central Excise Thu, 17 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88712