https://www.taxtmi.com/caselaws?id=88832 Resins and other chemicals used in producing moulds for motor vehicle parts were treated as eligible inputs for Modvat credit because prior reasoned Tribunal decisions, including a Larger Bench ruling, had already decided the issue on merits in favour of the assessee. A pending reference of a similar question to the High Court did not, by itself, weaken the binding force of that existing ratio. The chemicals were therefore regarded as qualifying inputs, and the Revenue's challenge was rejected. en-us Wed, 22 Apr 1998 00:00:00 +0530 Wed, 21 Sep 2011 16:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88832 Resins and other chemicals used in producing moulds for motor vehicle parts were treated as eligible inputs for Modvat credit because prior reasoned Tribunal decisions, including a Larger Bench ruling, had already decided the issue on merits in favour of the assessee. A pending reference of a similar question to the High Court did not, by itself, weaken the binding force of that existing ratio. The chemicals were therefore regarded as qualifying inputs, and the Revenue's challenge was rejected. Case-Laws Central Excise Wed, 22 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88832