https://www.taxtmi.com/caselaws?id=92968 Modvat credit was treated as admissible where defective final products returned by customers were remelted and used in manufacturing fresh final products, because the returned goods were effectively used as inputs in the assessee's factory. The Tribunal followed later decisions in the Alcobex line of authority, which accepted credit in such circumstances, and distinguished Revenue authorities that either pre-dated that line or involved cases with no manufacturing process. It also held that a Board circular could not override the settled judicial position. The Revenue's appeals were rejected. en-us Fri, 11 Jun 1999 00:00:00 +0530 Mon, 07 Nov 2011 14:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92968 Modvat credit was treated as admissible where defective final products returned by customers were remelted and used in manufacturing fresh final products, because the returned goods were effectively used as inputs in the assessee's factory. The Tribunal followed later decisions in the Alcobex line of authority, which accepted credit in such circumstances, and distinguished Revenue authorities that either pre-dated that line or involved cases with no manufacturing process. It also held that a Board circular could not override the settled judicial position. The Revenue's appeals were rejected. Case-Laws Central Excise Fri, 11 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92968