https://www.taxtmi.com/caselaws?id=98163 Modvat credit was held admissible on a rewinding machine used to print price details on film for packing a vegetable product, because the machine had sufficient nexus with manufacture and with making the final product marketable. The appellate authority applied the principle that goods and processes necessary to render the product marketable can form part of manufacture for credit purposes. A restrictive view of capital goods and a contrary Tribunal decision were not accepted, as they did not displace the reasoning adopted below. The Revenue's challenge failed and the credit was upheld. en-us Wed, 15 Mar 2000 00:00:00 +0530 Thu, 19 Jan 2012 15:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98163 Modvat credit was held admissible on a rewinding machine used to print price details on film for packing a vegetable product, because the machine had sufficient nexus with manufacture and with making the final product marketable. The appellate authority applied the principle that goods and processes necessary to render the product marketable can form part of manufacture for credit purposes. A restrictive view of capital goods and a contrary Tribunal decision were not accepted, as they did not displace the reasoning adopted below. The Revenue's challenge failed and the credit was upheld. Case-Laws Central Excise Wed, 15 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98163