https://www.taxtmi.com/caselaws?id=105625 Modvat credit was held admissible on Ammonium Nitrate and Primex used outside the cement factory to manufacture explosives that were then captively consumed at the mines for limestone extraction. The exemption of the intermediate explosives did not by itself defeat input credit, because the inputs retained their eligible character in the production chain and Rule 57D protected credit where an intermediate product emerged and was consumed captively. Rule 57C was not attracted on the facts found. The credit was therefore allowable against duty on the final product, and the denial of credit was unsustainable. en-us Thu, 24 Jan 2002 00:00:00 +0530 Tue, 06 Mar 2012 16:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105625 Modvat credit was held admissible on Ammonium Nitrate and Primex used outside the cement factory to manufacture explosives that were then captively consumed at the mines for limestone extraction. The exemption of the intermediate explosives did not by itself defeat input credit, because the inputs retained their eligible character in the production chain and Rule 57D protected credit where an intermediate product emerged and was consumed captively. Rule 57C was not attracted on the facts found. The credit was therefore allowable against duty on the final product, and the denial of credit was unsustainable. Case-Laws Central Excise Thu, 24 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105625