https://www.taxtmi.com/caselaws?id=93719 Condition 15C(b) of Notification No. 4/97 was construed as limiting credit only where it was relatable to inputs or capital goods used in the dyeing, printing, bleaching or mercerising process itself. Modvat credit taken on partially oriented yarn and accumulated in RG 23A Part II, having already been used for manufacture of textured yarn as an intermediate product, was not shown to have been taken on inputs used in the dyeing process. Rule 57F(12)(a) was read as permitting utilisation of credit for payment of duty on any final product, and the scheme did not bar use of unutilised credit across more than one final or intermediate product. On that interpretation, the demand was unsustainable. en-us Mon, 19 Jun 2000 00:00:00 +0530 Wed, 16 Nov 2011 14:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93719 Condition 15C(b) of Notification No. 4/97 was construed as limiting credit only where it was relatable to inputs or capital goods used in the dyeing, printing, bleaching or mercerising process itself. Modvat credit taken on partially oriented yarn and accumulated in RG 23A Part II, having already been used for manufacture of textured yarn as an intermediate product, was not shown to have been taken on inputs used in the dyeing process. Rule 57F(12)(a) was read as permitting utilisation of credit for payment of duty on any final product, and the scheme did not bar use of unutilised credit across more than one final or intermediate product. On that interpretation, the demand was unsustainable. Case-Laws Central Excise Mon, 19 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93719