https://www.taxtmi.com/caselaws?id=119087 Modvat credit was admissible on control transformers, inverters and hydraulic oil used in the manufacture of lift parts because those items were found to be directly used in production and their value formed part of the assessable value of the final excisable goods. On that factual basis, denial of credit was not justified. The discussion also noted that air-conditioners stood apart from the other items, but the operative conclusion remained that credit was allowable for the specified inputs used in manufacture. en-us Fri, 03 Mar 2006 00:00:00 +0530 Sat, 07 Jul 2012 18:43:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119087 Modvat credit was admissible on control transformers, inverters and hydraulic oil used in the manufacture of lift parts because those items were found to be directly used in production and their value formed part of the assessable value of the final excisable goods. On that factual basis, denial of credit was not justified. The discussion also noted that air-conditioners stood apart from the other items, but the operative conclusion remained that credit was allowable for the specified inputs used in manufacture. Case-Laws Central Excise Fri, 03 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119087