https://www.taxtmi.com/caselaws?id=123127 Modvat credit was examined in relation to Light Diesel Oil used as fuel for generating electricity consumed within the factory. The applicable amended notification restricted credit to 10% ad valorem, but the analysis relied on Rule 57D(2), which allows credit on inputs used for generation of electricity or steam used in manufacture of final products or for other purposes within the factory. The text notes that from 01.03.1997 Rule 57B expressly recognized such credit, and that a similar claim had already been accepted for the later period. On that basis, the position for the earlier period was treated as prima facie supportable, and interim relief was granted by way of waiver of pre-deposit and stay of recovery. en-us Mon, 26 Nov 2007 00:00:00 +0530 Thu, 06 Sep 2012 17:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123127 Modvat credit was examined in relation to Light Diesel Oil used as fuel for generating electricity consumed within the factory. The applicable amended notification restricted credit to 10% ad valorem, but the analysis relied on Rule 57D(2), which allows credit on inputs used for generation of electricity or steam used in manufacture of final products or for other purposes within the factory. The text notes that from 01.03.1997 Rule 57B expressly recognized such credit, and that a similar claim had already been accepted for the later period. On that basis, the position for the earlier period was treated as prima facie supportable, and interim relief was granted by way of waiver of pre-deposit and stay of recovery. Case-Laws Central Excise Mon, 26 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123127