https://www.taxtmi.com/caselaws?id=97755 Modvat credit was held inadmissible on explosives used in mines adjacent to a cement factory, following Larger Bench authority that such inputs do not qualify for credit. High speed diesel oil was also found ineligible for Modvat credit on the basis of the same Larger Bench ratio. By contrast, grinding media used in steel ball mills in the manufacture of cement was recognised as eligible for Modvat credit. The appeals were therefore allowed only to the extent of credit on grinding media, and the penalty was set aside, while credit on explosives and high speed diesel oil was denied. en-us Fri, 02 Mar 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:41:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97755 Modvat credit was held inadmissible on explosives used in mines adjacent to a cement factory, following Larger Bench authority that such inputs do not qualify for credit. High speed diesel oil was also found ineligible for Modvat credit on the basis of the same Larger Bench ratio. By contrast, grinding media used in steel ball mills in the manufacture of cement was recognised as eligible for Modvat credit. The appeals were therefore allowed only to the extent of credit on grinding media, and the penalty was set aside, while credit on explosives and high speed diesel oil was denied. Case-Laws Central Excise Fri, 02 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97755