https://www.taxtmi.com/caselaws?id=94952 Modvat credit on duty-paid inputs used in manufacturing engines could be used to pay duty on motor vehicles cleared from the same factory. The scheme allowed credit for inputs used in or in relation to manufacture of final products and did not confine credit to a specifically identified finished product. The term "intended" permitted credit upon receipt of inputs and its subsequent utilisation against duty on cleared final products. Trade guidance likewise recognised that no one-to-one correlation between inputs and final products was required. Accumulated credit was therefore available for payment of duty on motor vehicles, rendering the related objections, demands and penalties unsustainable. en-us Tue, 10 Oct 2000 00:00:00 +0530 Tue, 06 Dec 2011 10:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94952 Modvat credit on duty-paid inputs used in manufacturing engines could be used to pay duty on motor vehicles cleared from the same factory. The scheme allowed credit for inputs used in or in relation to manufacture of final products and did not confine credit to a specifically identified finished product. The term "intended" permitted credit upon receipt of inputs and its subsequent utilisation against duty on cleared final products. Trade guidance likewise recognised that no one-to-one correlation between inputs and final products was required. Accumulated credit was therefore available for payment of duty on motor vehicles, rendering the related objections, demands and penalties unsustainable. Case-Laws Central Excise Tue, 10 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94952