https://www.taxtmi.com/caselaws?id=121996 Capital goods credit under the Modvat scheme was considered admissible where the goods were used exclusively for processing inputs on job work and the finished goods were cleared under Notification No. 214/86-C.E. The analysis treats the job-work exemption notification and the Modvat credit provisions as facilitating measures, not restrictions that automatically bar credit. It also regards Notification No. 214/86-C.E. and the earlier view on Notification No. 217/86-C.E. as pari materia for this purpose. On that basis, the denial of credit was found unsustainable, and the assessee's entitlement to capital goods credit was upheld. en-us Thu, 02 Jun 2005 00:00:00 +0530 Tue, 07 Aug 2012 17:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121996 Capital goods credit under the Modvat scheme was considered admissible where the goods were used exclusively for processing inputs on job work and the finished goods were cleared under Notification No. 214/86-C.E. The analysis treats the job-work exemption notification and the Modvat credit provisions as facilitating measures, not restrictions that automatically bar credit. It also regards Notification No. 214/86-C.E. and the earlier view on Notification No. 217/86-C.E. as pari materia for this purpose. On that basis, the denial of credit was found unsustainable, and the assessee's entitlement to capital goods credit was upheld. Case-Laws Central Excise Thu, 02 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121996