https://www.taxtmi.com/caselaws?id=105575 The Tribunal upheld the decision of the Collector (Appeals) allowing Modvat credit on lacquers used in the manufacture of gramophone records. The Tribunal determined that lacquers were essential inputs for the production process, distinct from tools or appliances like dies. It found that the Collector's classification of lacquers as eligible for Modvat credit was justified, emphasizing their indispensable role in the manufacturing process. Consequently, the Tribunal dismissed the Revenue's appeal and affirmed the eligibility of lacquers for Modvat credit in the production of gramophone records. en-us Fri, 14 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 13:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105575 The Tribunal upheld the decision of the Collector (Appeals) allowing Modvat credit on lacquers used in the manufacture of gramophone records. The Tribunal determined that lacquers were essential inputs for the production process, distinct from tools or appliances like dies. It found that the Collector's classification of lacquers as eligible for Modvat credit was justified, emphasizing their indispensable role in the manufacturing process. Consequently, the Tribunal dismissed the Revenue's appeal and affirmed the eligibility of lacquers for Modvat credit in the production of gramophone records. Case-Laws Central Excise Fri, 14 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105575