https://www.taxtmi.com/caselaws?id=122096 Modvat credit on inputs used to generate steam and electricity was protected where the electricity was wholly consumed within the factory and residual steam was only a by-product. Rule 57B(1)(iv) allowed credit for inputs used in generating steam or electricity used in manufacture or for other factory purposes, while Rule 57D(i) preserved credit despite by-product emergence. As Rule 57C did not apply, proportionate reversal under Rule 57CC(1) could not be demanded. A further demand based on internal transfer of steam also failed because there was no sale price and no supporting machinery provision for the levy. en-us Fri, 08 Sep 2006 00:00:00 +0530 Wed, 08 Aug 2012 15:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122096 Modvat credit on inputs used to generate steam and electricity was protected where the electricity was wholly consumed within the factory and residual steam was only a by-product. Rule 57B(1)(iv) allowed credit for inputs used in generating steam or electricity used in manufacture or for other factory purposes, while Rule 57D(i) preserved credit despite by-product emergence. As Rule 57C did not apply, proportionate reversal under Rule 57CC(1) could not be demanded. A further demand based on internal transfer of steam also failed because there was no sale price and no supporting machinery provision for the levy. Case-Laws Central Excise Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122096