https://www.taxtmi.com/caselaws?id=117322 The Commissioner (Appeals) ruled in favor of the assessee regarding the grant of Modvat credit on OTS cans used in manufacturing final products. The decision was based on the timing of exemption of the final product, emphasizing that credit cannot be denied if utilized during a period when the final products are dutiable. Precedents, including a Tribunal decision and Apex Court endorsement, supported the assessee's position, leading to the rejection of the Revenue's appeal. The judgment clarifies the importance of timing and adherence to rules in determining the eligibility of Modvat credits in such scenarios. en-us Wed, 16 Nov 2005 00:00:00 +0530 Thu, 21 Jun 2012 17:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117322 The Commissioner (Appeals) ruled in favor of the assessee regarding the grant of Modvat credit on OTS cans used in manufacturing final products. The decision was based on the timing of exemption of the final product, emphasizing that credit cannot be denied if utilized during a period when the final products are dutiable. Precedents, including a Tribunal decision and Apex Court endorsement, supported the assessee's position, leading to the rejection of the Revenue's appeal. The judgment clarifies the importance of timing and adherence to rules in determining the eligibility of Modvat credits in such scenarios. Case-Laws Central Excise Wed, 16 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117322