https://www.taxtmi.com/caselaws?id=120291 Amended Rule 57F(4) of the Central Excise Rules, 1944 allowed Modvat credit on eligible inputs received and used in the factory on or after 15-3-1995 to be cross-utilised against duty on any final product. The provision did not require one-to-one correlation between the inputs and the final product, and actual use of those inputs in that product was unnecessary. Where a declaration had been filed under Rule 57G, separate excise permission for such utilisation was also not required. On that reading, transfer and utilisation of the unutilized credit were lawful and the Revenue's challenge failed. en-us Mon, 09 Oct 2006 00:00:00 +0530 Wed, 18 Jul 2012 12:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120291 Amended Rule 57F(4) of the Central Excise Rules, 1944 allowed Modvat credit on eligible inputs received and used in the factory on or after 15-3-1995 to be cross-utilised against duty on any final product. The provision did not require one-to-one correlation between the inputs and the final product, and actual use of those inputs in that product was unnecessary. Where a declaration had been filed under Rule 57G, separate excise permission for such utilisation was also not required. On that reading, transfer and utilisation of the unutilized credit were lawful and the Revenue's challenge failed. Case-Laws Central Excise Mon, 09 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120291