https://www.taxtmi.com/caselaws?id=95697 Defective goods returned by customers for remaking are treated as inputs for Modvat credit where prior binding Tribunal precedent, including Larger Bench rulings, has taken that view. The analysis applies the existing Tribunal line that returned defective goods used in remaking satisfy the input requirement, and notes that the assessee's own product had already been covered by an earlier decision on the same basis. The operative effect is that such returned goods qualify for Modvat credit, consistent with the cited precedent. en-us Wed, 09 Aug 2000 00:00:00 +0530 Wed, 14 Dec 2011 13:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95697 Defective goods returned by customers for remaking are treated as inputs for Modvat credit where prior binding Tribunal precedent, including Larger Bench rulings, has taken that view. The analysis applies the existing Tribunal line that returned defective goods used in remaking satisfy the input requirement, and notes that the assessee's own product had already been covered by an earlier decision on the same basis. The operative effect is that such returned goods qualify for Modvat credit, consistent with the cited precedent. Case-Laws Central Excise Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95697