https://www.taxtmi.com/caselaws?id=93053 Under the Modvat scheme, input credit could not be denied merely because an identical input was recorded against one vehicle model and not another. The phrase "common inputs" had to be read in the context of the goods manufactured, and the scheme did not require a strict one-to-one correlation between each input and each final product. A narrow model-specific construction would defeat the object of Modvat credit, especially where credit accumulated on one product line could be used for duty payment on the final product. On that construction, denial of credit was unsustainable and the assessee's appeal succeeded. en-us Wed, 03 Nov 1999 00:00:00 +0530 Tue, 08 Nov 2011 10:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93053 Under the Modvat scheme, input credit could not be denied merely because an identical input was recorded against one vehicle model and not another. The phrase "common inputs" had to be read in the context of the goods manufactured, and the scheme did not require a strict one-to-one correlation between each input and each final product. A narrow model-specific construction would defeat the object of Modvat credit, especially where credit accumulated on one product line could be used for duty payment on the final product. On that construction, denial of credit was unsustainable and the assessee's appeal succeeded. Case-Laws Central Excise Wed, 03 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93053