https://www.taxtmi.com/caselaws?id=89903 Modvat credit was held admissible on H.R. coils used to manufacture storage and processing tanks employed in paper production, because the scheme covers inputs used in or in relation to manufacture and is not limited to goods directly entering the final product. Amended Rule 57D, as clarified by Notification No. 17/95 (N.T.) dated 18-5-1995, protects credit where inputs are used to make capital goods that are captively consumed in manufacturing final products, even if those capital goods are exempt or attract nil duty. The denial of credit was therefore unsustainable. en-us Fri, 16 Oct 1998 00:00:00 +0530 Fri, 30 Sep 2011 13:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89903 Modvat credit was held admissible on H.R. coils used to manufacture storage and processing tanks employed in paper production, because the scheme covers inputs used in or in relation to manufacture and is not limited to goods directly entering the final product. Amended Rule 57D, as clarified by Notification No. 17/95 (N.T.) dated 18-5-1995, protects credit where inputs are used to make capital goods that are captively consumed in manufacturing final products, even if those capital goods are exempt or attract nil duty. The denial of credit was therefore unsustainable. Case-Laws Central Excise Fri, 16 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89903