https://www.taxtmi.com/caselaws?id=121172 For Rule 57CC, the relevant final product was identified by the manufacture chain: rough castings, not the exempted pumps, were treated as the final product for computing the 8% amount. The payment was therefore confined to 8% of the value of the captively consumed rough castings, not the value of the pumps. A separate observation linking Modvat credit utilisation to the limitation under Section 11B was unsustainable because the show-cause notice had not proposed recovery on that basis; the appellate remark was accordingly deleted. The substantive Rule 57CC position remained in favour of the assessee. en-us Tue, 20 Feb 2007 00:00:00 +0530 Fri, 27 Jul 2012 11:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121172 For Rule 57CC, the relevant final product was identified by the manufacture chain: rough castings, not the exempted pumps, were treated as the final product for computing the 8% amount. The payment was therefore confined to 8% of the value of the captively consumed rough castings, not the value of the pumps. A separate observation linking Modvat credit utilisation to the limitation under Section 11B was unsustainable because the show-cause notice had not proposed recovery on that basis; the appellate remark was accordingly deleted. The substantive Rule 57CC position remained in favour of the assessee. Case-Laws Central Excise Tue, 20 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121172