https://www.taxtmi.com/caselaws?id=106052 Modvat credit was held admissible on polyester resin and caustic soda because the resin functioned as a lining material in acid tanks and the caustic soda was used for cleaning wires in the manufacturing process. Credit was also allowed on wires, cables and electrical panels as capital goods in line with Jawahar Mills, and on S.S. castings, S.S. wires and Indwool fibre blankets because they were used in the manufacture of wires and had a functional nexus with production under Rule 57Q. The contested items therefore qualified either as inputs or as capital goods. en-us Wed, 19 Sep 2001 00:00:00 +0530 Mon, 12 Mar 2012 14:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106052 Modvat credit was held admissible on polyester resin and caustic soda because the resin functioned as a lining material in acid tanks and the caustic soda was used for cleaning wires in the manufacturing process. Credit was also allowed on wires, cables and electrical panels as capital goods in line with Jawahar Mills, and on S.S. castings, S.S. wires and Indwool fibre blankets because they were used in the manufacture of wires and had a functional nexus with production under Rule 57Q. The contested items therefore qualified either as inputs or as capital goods. Case-Laws Central Excise Wed, 19 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106052