https://www.taxtmi.com/caselaws?id=101857 Rule 57D(2) of the Central Excise Rules protected Modvat credit on inputs used in the manufacture of moulds employed in producing glass bottles. Credit could not be denied merely because intermediate products emerged in the manufacturing process or because the inputs were used to make capital goods under Rule 57Q. Treating the moulds as tools did not alter the statutory position where the rule's conditions for non-denial were satisfied, so the denial of credit was unsustainable in law. en-us Tue, 20 Nov 2001 00:00:00 +0530 Sat, 11 Feb 2012 13:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101857 Rule 57D(2) of the Central Excise Rules protected Modvat credit on inputs used in the manufacture of moulds employed in producing glass bottles. Credit could not be denied merely because intermediate products emerged in the manufacturing process or because the inputs were used to make capital goods under Rule 57Q. Treating the moulds as tools did not alter the statutory position where the rule's conditions for non-denial were satisfied, so the denial of credit was unsustainable in law. Case-Laws Central Excise Tue, 20 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101857