https://www.taxtmi.com/caselaws?id=92379 Modvat credit could not be restricted by recharacterising duty-paid steel pipes, hot rolled sheet cuttings and plate cuttings as M.S. scrap when they were received as excise-paid inputs. The fact that the goods were the suppliers' final products did not justify denial of credit in the hands of the manufacturer using them as inputs. The restriction on credit was therefore unsustainable, and credit was allowable on the duty paid on the goods as received. en-us Tue, 27 Jul 1999 00:00:00 +0530 Tue, 01 Nov 2011 12:22:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92379 Modvat credit could not be restricted by recharacterising duty-paid steel pipes, hot rolled sheet cuttings and plate cuttings as M.S. scrap when they were received as excise-paid inputs. The fact that the goods were the suppliers' final products did not justify denial of credit in the hands of the manufacturer using them as inputs. The restriction on credit was therefore unsustainable, and credit was allowable on the duty paid on the goods as received. Case-Laws Central Excise Tue, 27 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92379