https://www.taxtmi.com/caselaws?id=95179 Air-conditioning system component kits used in manufacturing air-conditioned cars were treated as inputs because they were integral to the completion and marketability of the distinct final product, making Modvat credit admissible under Rule 57A. After the 29-6-1995 amendment, the same kits also qualified as accessories where their value formed part of the assessable value of the air-conditioned cars, so credit remained available on that basis as well. The denial of Modvat credit and the connected penalty therefore did not survive, with consequential relief following. en-us Wed, 13 Sep 2000 00:00:00 +0530 Thu, 08 Dec 2011 15:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95179 Air-conditioning system component kits used in manufacturing air-conditioned cars were treated as inputs because they were integral to the completion and marketability of the distinct final product, making Modvat credit admissible under Rule 57A. After the 29-6-1995 amendment, the same kits also qualified as accessories where their value formed part of the assessable value of the air-conditioned cars, so credit remained available on that basis as well. The denial of Modvat credit and the connected penalty therefore did not survive, with consequential relief following. Case-Laws Central Excise Wed, 13 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95179