https://www.taxtmi.com/caselaws?id=108145 Fuel oil used for captive generation of electricity within the factory was treated as an eligible input for Modvat credit under Rule 57A because the electricity was consumed inside the factory premises and formed part of the manufacturing process. The Tribunal also held that clause (d) inserted into Rule 57A in 1995 was clarificatory and therefore applied retrospectively to the period in dispute. On that basis, the earlier view that credit could be denied unless direct use in or in relation to manufacture of the notified final product was shown was considered incorrect. en-us Tue, 09 Mar 1999 00:00:00 +0530 Fri, 30 Mar 2012 12:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108145 Fuel oil used for captive generation of electricity within the factory was treated as an eligible input for Modvat credit under Rule 57A because the electricity was consumed inside the factory premises and formed part of the manufacturing process. The Tribunal also held that clause (d) inserted into Rule 57A in 1995 was clarificatory and therefore applied retrospectively to the period in dispute. On that basis, the earlier view that credit could be denied unless direct use in or in relation to manufacture of the notified final product was shown was considered incorrect. Case-Laws Central Excise Tue, 09 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108145