https://www.taxtmi.com/caselaws?id=99192 Modvat credit under Rule 57A was unavailable on dyed nylon crimped yarn purchased without payment of duty because Rule 57D(2) applies only where an intermediate product emerges in the assessee's own manufacturing process. The dyed nylon yarn had not come into existence as an intermediate product in the assessee's hands; it was acquired as such from outside. Authorities cited on different factual settings, including job-work situations, were distinguished. Any alleged procedural lapse under Rule 57F did not change the operative fact that the goods were purchased in exempt form, so the credit claim failed. en-us Thu, 07 Sep 2000 00:00:00 +0530 Wed, 25 Jan 2012 15:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99192 Modvat credit under Rule 57A was unavailable on dyed nylon crimped yarn purchased without payment of duty because Rule 57D(2) applies only where an intermediate product emerges in the assessee's own manufacturing process. The dyed nylon yarn had not come into existence as an intermediate product in the assessee's hands; it was acquired as such from outside. Authorities cited on different factual settings, including job-work situations, were distinguished. Any alleged procedural lapse under Rule 57F did not change the operative fact that the goods were purchased in exempt form, so the credit claim failed. Case-Laws Central Excise Thu, 07 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99192