https://www.taxtmi.com/caselaws?id=113911 Angles and Channels used to prepare mould boxes for manufacture of castings were treated as eligible inputs for Modvat credit because they were employed in making an intermediate product used in the manufacturing process of the final product. The settled principle applied was that materials used in the manufacture of intermediates, components, sand moulds, furnace linings, or machinery parts can qualify for credit where they form part of the production chain. On that basis, the grant of credit was found proper, and the assessee's claim was accepted. en-us Thu, 03 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 11:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113911 Angles and Channels used to prepare mould boxes for manufacture of castings were treated as eligible inputs for Modvat credit because they were employed in making an intermediate product used in the manufacturing process of the final product. The settled principle applied was that materials used in the manufacture of intermediates, components, sand moulds, furnace linings, or machinery parts can qualify for credit where they form part of the production chain. On that basis, the grant of credit was found proper, and the assessee's claim was accepted. Case-Laws Central Excise Thu, 03 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113911