https://www.taxtmi.com/caselaws?id=91160 Coated metal anodes used in electrolytic manufacture of caustic soda were treated as eligible inputs for Modvat credit under Rule 57A, as Tribunal precedent had already recognised similar anodes as inputs and the exclusion for equipment did not apply. Nitrogen gas used to maintain an inert atmosphere in the reactor was also held to qualify for credit because inputs with a direct or indirect nexus to production fall within the scheme. Rule 57C did not bar credit where the intermediate product was captively consumed, since Rule 57D protected such credit. The revenue appeals failed and Modvat credit on both items was sustained. en-us Thu, 16 Apr 1998 00:00:00 +0530 Fri, 14 Oct 2011 12:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91160 Coated metal anodes used in electrolytic manufacture of caustic soda were treated as eligible inputs for Modvat credit under Rule 57A, as Tribunal precedent had already recognised similar anodes as inputs and the exclusion for equipment did not apply. Nitrogen gas used to maintain an inert atmosphere in the reactor was also held to qualify for credit because inputs with a direct or indirect nexus to production fall within the scheme. Rule 57C did not bar credit where the intermediate product was captively consumed, since Rule 57D protected such credit. The revenue appeals failed and Modvat credit on both items was sustained. Case-Laws Central Excise Thu, 16 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91160