https://www.taxtmi.com/caselaws?id=122541 Capital goods used partly for job-work manufacture and partly for dutiable clearances could not be treated as used "exclusively" for exempted final products under Rule 57R(1), because "exclusively" means solely and only; Modvat credit was therefore not deniable on merits. The demand was also time-barred because the assessee had disclosed the relevant manufacturing activity and there was no suppression to justify the extended limitation period. The impugned order was set aside and the appeal succeeded. en-us Wed, 14 Mar 2007 00:00:00 +0530 Tue, 14 Aug 2012 14:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122541 Capital goods used partly for job-work manufacture and partly for dutiable clearances could not be treated as used "exclusively" for exempted final products under Rule 57R(1), because "exclusively" means solely and only; Modvat credit was therefore not deniable on merits. The demand was also time-barred because the assessee had disclosed the relevant manufacturing activity and there was no suppression to justify the extended limitation period. The impugned order was set aside and the appeal succeeded. Case-Laws Central Excise Wed, 14 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122541