https://www.taxtmi.com/caselaws?id=89210 Modvat credit was available on thinner used to dilute paint for application in the manufacture of motor vehicle parts, because Rule 57A allows credit for inputs used in or in relation to manufacture where the input and final product are notified and the input is not excluded by the Explanation. The classification of thinner as an input was accepted on the basis of its functional use in the manufacturing process, and the credit could not be narrowed by a Board circular when the statutory rules permitted it. The assessee was therefore entitled to credit on the thinner. en-us Fri, 20 Dec 1996 00:00:00 +0530 Sat, 24 Sep 2011 11:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89210 Modvat credit was available on thinner used to dilute paint for application in the manufacture of motor vehicle parts, because Rule 57A allows credit for inputs used in or in relation to manufacture where the input and final product are notified and the input is not excluded by the Explanation. The classification of thinner as an input was accepted on the basis of its functional use in the manufacturing process, and the credit could not be narrowed by a Board circular when the statutory rules permitted it. The assessee was therefore entitled to credit on the thinner. Case-Laws Central Excise Fri, 20 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89210