https://www.taxtmi.com/caselaws?id=120483 Modvat credit on duty-paid LSHS and furnace oil used to generate electricity captively consumed in manufacture was governed by Rule 57B of the Central Excise Rules, 1944 and the amending notifications of 1997 and 1998. For the period up to 1-6-1998, full credit remained admissible on such fuel inputs used for captive power generation. From 2-6-1998, the amended Rule 57B(1) restricted admissible credit to 95% for the relevant fuel. The departmental challenge therefore succeeded only for the later period, while full credit continued to apply for the earlier period. en-us Wed, 29 Nov 2006 00:00:00 +0530 Fri, 20 Jul 2012 12:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120483 Modvat credit on duty-paid LSHS and furnace oil used to generate electricity captively consumed in manufacture was governed by Rule 57B of the Central Excise Rules, 1944 and the amending notifications of 1997 and 1998. For the period up to 1-6-1998, full credit remained admissible on such fuel inputs used for captive power generation. From 2-6-1998, the amended Rule 57B(1) restricted admissible credit to 95% for the relevant fuel. The departmental challenge therefore succeeded only for the later period, while full credit continued to apply for the earlier period. Case-Laws Central Excise Wed, 29 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120483