https://www.taxtmi.com/caselaws?id=112799 Modvat credit was admissible on parts of carding machinery used in the manufacture of sliver, because Rule 57R(2) protects credit on capital goods used in the overall process for a dutiable final product and does not deny credit merely because an intermediate product emerges during manufacture. The fact that the sliver was captively consumed in producing dutiable cotton yarn did not defeat eligibility. A Board circular and an earlier Bench view supported this approach, so the Revenue's challenge failed. en-us Fri, 21 Nov 2003 00:00:00 +0530 Tue, 01 May 2012 17:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112799 Modvat credit was admissible on parts of carding machinery used in the manufacture of sliver, because Rule 57R(2) protects credit on capital goods used in the overall process for a dutiable final product and does not deny credit merely because an intermediate product emerges during manufacture. The fact that the sliver was captively consumed in producing dutiable cotton yarn did not defeat eligibility. A Board circular and an earlier Bench view supported this approach, so the Revenue's challenge failed. Case-Laws Central Excise Fri, 21 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112799