https://www.taxtmi.com/caselaws?id=94952 Modvat credit on duty-paid inputs used in the manufacture of engines could be utilised against duty on motor vehicles cleared from the same factory. The scheme was read as allowing credit for inputs used in or in relation to manufacture, and no rule required one-to-one correlation between a particular input and a specific finished product. The use of the word "intended" supported taking credit on receipt of the input and using accumulated credit later against duty on final products. The article states that departmental guidance also recognised this position, making 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 the manufacture of engines could be utilised against duty on motor vehicles cleared from the same factory. The scheme was read as allowing credit for inputs used in or in relation to manufacture, and no rule required one-to-one correlation between a particular input and a specific finished product. The use of the word "intended" supported taking credit on receipt of the input and using accumulated credit later against duty on final products. The article states that departmental guidance also recognised this position, making objections, demands, and penalties unsustainable. Case-Laws Central Excise Tue, 10 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94952