https://www.taxtmi.com/caselaws?id=94071 Modvat credit on Acetone used in manufacturing gas cylinders was held admissible because the input was found to be an essential ingredient used in or in relation to the final product. The demand could not be sustained on a separate theory of non-declaration when the notice was founded on wrongful availment of credit and that basic allegation failed on merits. For the same reason, the extended period was unavailable once the substantive charge did not survive. The adverse findings against the assessee were set aside. en-us Tue, 12 Sep 2000 00:00:00 +0530 Fri, 18 Nov 2011 18:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94071 Modvat credit on Acetone used in manufacturing gas cylinders was held admissible because the input was found to be an essential ingredient used in or in relation to the final product. The demand could not be sustained on a separate theory of non-declaration when the notice was founded on wrongful availment of credit and that basic allegation failed on merits. For the same reason, the extended period was unavailable once the substantive charge did not survive. The adverse findings against the assessee were set aside. Case-Laws Central Excise Tue, 12 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94071