https://www.taxtmi.com/caselaws?id=97749 Modvat credit on capital goods could not be denied merely because the same goods were used in the manufacture of both dutiable and exempted final products. The amended Rule 57R(1), read with the scheme of Rules 57T and 57Q, was treated as applying only where capital goods were used exclusively for exempted products, and dual or partial use did not attract denial of credit. The later re-insertion of the word "exclusively" was viewed as confirming that position. The denial of credit was therefore unsustainable, and the impugned order was set aside with consequential relief to the assessee. en-us Thu, 15 Feb 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97749 Modvat credit on capital goods could not be denied merely because the same goods were used in the manufacture of both dutiable and exempted final products. The amended Rule 57R(1), read with the scheme of Rules 57T and 57Q, was treated as applying only where capital goods were used exclusively for exempted products, and dual or partial use did not attract denial of credit. The later re-insertion of the word "exclusively" was viewed as confirming that position. The denial of credit was therefore unsustainable, and the impugned order was set aside with consequential relief to the assessee. Case-Laws Central Excise Thu, 15 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97749