https://www.taxtmi.com/caselaws?id=105450 Modvat credit on eligible capital goods cannot be denied merely because the manufacturing process in an integrated plant also yields intermediate products such as oxygen and nitrogen gases. Where the capital goods are declared and are used in the manufacture of the final product, the incidental emergence of intermediate goods does not by itself disqualify the credit. The composite nature of the plant does not alter this principle. On that basis, denial of Modvat credit was held unsustainable and the credit was admissible. en-us Fri, 09 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105450 Modvat credit on eligible capital goods cannot be denied merely because the manufacturing process in an integrated plant also yields intermediate products such as oxygen and nitrogen gases. Where the capital goods are declared and are used in the manufacture of the final product, the incidental emergence of intermediate goods does not by itself disqualify the credit. The composite nature of the plant does not alter this principle. On that basis, denial of Modvat credit was held unsustainable and the credit was admissible. Case-Laws Central Excise Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105450