https://www.taxtmi.com/caselaws?id=88992 In the absence of any exemption notification, captive manufacture of lead oxide or grey oxide from duty-paid lead was treated as dutiable, and the duty demand on the intermediate product was sustained. As the duty liability on the manufactured product survived, admissible Modvat credit relatable to the lead used in its manufacture had to be taken into account in computing the recoverable amount. The effective liability was therefore confined to the net duty after credit. en-us Wed, 11 Feb 1998 00:00:00 +0530 Thu, 22 Sep 2011 17:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88992 In the absence of any exemption notification, captive manufacture of lead oxide or grey oxide from duty-paid lead was treated as dutiable, and the duty demand on the intermediate product was sustained. As the duty liability on the manufactured product survived, admissible Modvat credit relatable to the lead used in its manufacture had to be taken into account in computing the recoverable amount. The effective liability was therefore confined to the net duty after credit. Case-Laws Central Excise Wed, 11 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88992