https://www.taxtmi.com/caselaws?id=94497 Modvat credit on inputs used to manufacture Grauvre Printing Cylinder remained admissible because the cylinder was only an intermediate product captively consumed in producing dutiable printed laminated plastic film. The exemption applicable to the intermediate cylinder did not defeat credit where the inputs were ultimately used in the manufacture of the dutiable final product. The earlier final order in the same assessee's case, applying Rule 57D(2), was treated as binding on the Revenue. Credit was therefore allowed and the Revenue's challenge failed. en-us Tue, 14 Dec 1999 00:00:00 +0530 Tue, 22 Nov 2011 18:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94497 Modvat credit on inputs used to manufacture Grauvre Printing Cylinder remained admissible because the cylinder was only an intermediate product captively consumed in producing dutiable printed laminated plastic film. The exemption applicable to the intermediate cylinder did not defeat credit where the inputs were ultimately used in the manufacture of the dutiable final product. The earlier final order in the same assessee's case, applying Rule 57D(2), was treated as binding on the Revenue. Credit was therefore allowed and the Revenue's challenge failed. Case-Laws Central Excise Tue, 14 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94497