https://www.taxtmi.com/caselaws?id=92836 Explanation VI to Notification No. 1/93 applied to captively consumed Narrow Woven Fabrics used within the factory to manufacture Zip fasteners or Slide fasteners, so their value had to be excluded from aggregate clearances for exemption eligibility. The assessee therefore remained within the exemption limit. However, Modvat credit taken on duty-paid inputs embedded in those captively consumed goods could not be retained where Rule 57-C barred such credit, so the attributable credit had to be reversed. en-us Mon, 29 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 14:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92836 Explanation VI to Notification No. 1/93 applied to captively consumed Narrow Woven Fabrics used within the factory to manufacture Zip fasteners or Slide fasteners, so their value had to be excluded from aggregate clearances for exemption eligibility. The assessee therefore remained within the exemption limit. However, Modvat credit taken on duty-paid inputs embedded in those captively consumed goods could not be retained where Rule 57-C barred such credit, so the attributable credit had to be reversed. Case-Laws Central Excise Mon, 29 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92836