https://www.taxtmi.com/caselaws?id=104237 Rule 57F(12) under the post-1-3-1997 Modvat scheme permits utilisation of credit of specified duty on inputs towards duty on final products without insisting on strict one-to-one correlation. The note explains that the relevant test is whether Additional Excise Duty credit was lawfully taken on the input and then used in accordance with the rule. On that construction, the objection that the same material could not be treated both as input and final product is not accepted, and the credit remains available for duty payment when the rule's conditions are satisfied. en-us Tue, 11 Jun 2002 00:00:00 +0530 Tue, 28 Feb 2012 13:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104237 Rule 57F(12) under the post-1-3-1997 Modvat scheme permits utilisation of credit of specified duty on inputs towards duty on final products without insisting on strict one-to-one correlation. The note explains that the relevant test is whether Additional Excise Duty credit was lawfully taken on the input and then used in accordance with the rule. On that construction, the objection that the same material could not be treated both as input and final product is not accepted, and the credit remains available for duty payment when the rule's conditions are satisfied. Case-Laws Central Excise Tue, 11 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104237