https://www.taxtmi.com/caselaws?id=110770 Modvat credit on duty-paid inputs was treated as admissible where the processes of cutting to length, greasing, rewinding on new drums and packing were found necessary to complete the goods and render them marketable. The final product having suffered duty also supported credit eligibility on the inputs used in manufacture. Penalty under Rule 173Q was found unsustainable because there was no proper quantification and no firm finding on manufacture. The Revenue's challenge failed, and the allowance of Modvat credit remained in favour of the assessee. en-us Mon, 24 Nov 2003 00:00:00 +0530 Wed, 18 Apr 2012 15:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110770 Modvat credit on duty-paid inputs was treated as admissible where the processes of cutting to length, greasing, rewinding on new drums and packing were found necessary to complete the goods and render them marketable. The final product having suffered duty also supported credit eligibility on the inputs used in manufacture. Penalty under Rule 173Q was found unsustainable because there was no proper quantification and no firm finding on manufacture. The Revenue's challenge failed, and the allowance of Modvat credit remained in favour of the assessee. Case-Laws Central Excise Mon, 24 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110770