https://www.taxtmi.com/caselaws?id=94891 Modvat credit was held admissible on lubricating oil used in manufacturing machines, as it was treated as an input under the Larger Bench view. Flex oil was also accepted as an eligible input because it was used at the mixing stage of chemicals with rubber to produce compounding rubber, which was itself used in manufacture, and that factual position was not disputed by the Revenue. Both items were treated as essential inputs for the final product, so the appeal failed. en-us Mon, 31 Jul 2000 00:00:00 +0530 Mon, 05 Dec 2011 16:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94891 Modvat credit was held admissible on lubricating oil used in manufacturing machines, as it was treated as an input under the Larger Bench view. Flex oil was also accepted as an eligible input because it was used at the mixing stage of chemicals with rubber to produce compounding rubber, which was itself used in manufacture, and that factual position was not disputed by the Revenue. Both items were treated as essential inputs for the final product, so the appeal failed. Case-Laws Central Excise Mon, 31 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94891