https://www.taxtmi.com/caselaws?id=114889 Modvat credit on DMT was held admissible because the DMT was used to manufacture methanol, and methanol was an approved product cleared from the factory on payment of central excise duty before its further use in making man-made yarn. The fact that methanol was later used within the same factory for another product did not, by itself, defeat credit entitlement where the relevant input credit related to the manufacture and duty-paid clearance of methanol. The view that Rule 57D could not assist because man-made yarn was the final product did not alter the position, and the Revenue's challenge failed. en-us Tue, 09 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 18:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114889 Modvat credit on DMT was held admissible because the DMT was used to manufacture methanol, and methanol was an approved product cleared from the factory on payment of central excise duty before its further use in making man-made yarn. The fact that methanol was later used within the same factory for another product did not, by itself, defeat credit entitlement where the relevant input credit related to the manufacture and duty-paid clearance of methanol. The view that Rule 57D could not assist because man-made yarn was the final product did not alter the position, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 09 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114889