https://www.taxtmi.com/caselaws?id=115168 Modvat credit relating to DM Water used in manufacturing steam sold to a sister concern was required to be reversed only to the extent attributable to the exempted clearances. The demand could not be computed on the value of the steam sold, and the appellant was not liable to pay 8% of the amount under Rule 57CC of the Central Excise Rules, 1944. The credit reversal was confined to the input used in the exempted output, while the matter was remanded to the original authority for fresh adjudication after giving a reasonable opportunity to adduce further evidence. en-us Fri, 07 Jan 2005 00:00:00 +0530 Thu, 24 May 2012 14:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115168 Modvat credit relating to DM Water used in manufacturing steam sold to a sister concern was required to be reversed only to the extent attributable to the exempted clearances. The demand could not be computed on the value of the steam sold, and the appellant was not liable to pay 8% of the amount under Rule 57CC of the Central Excise Rules, 1944. The credit reversal was confined to the input used in the exempted output, while the matter was remanded to the original authority for fresh adjudication after giving a reasonable opportunity to adduce further evidence. Case-Laws Central Excise Fri, 07 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115168