https://www.taxtmi.com/caselaws?id=125363 MODVAT credit on furnace oil used as fuel for generating steam was admissible because Rule 57B of the Central Excise Rules, 1944 allowed credit on inputs used as fuel and on inputs used to generate steam within the factory, notwithstanding Rule 57A. The fact that the steam was used in manufacturing paper, including exempted final products, did not by itself defeat credit. The proviso to Rule 57C(2) specifically excluded fuel inputs from the restriction, and the cited authorities supported allowance of credit where the fuel was consumed in the manufacturing process. Revenue's objection to the credit was rejected. en-us Mon, 30 Mar 2009 00:00:00 +0530 Tue, 23 Oct 2012 13:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125363 MODVAT credit on furnace oil used as fuel for generating steam was admissible because Rule 57B of the Central Excise Rules, 1944 allowed credit on inputs used as fuel and on inputs used to generate steam within the factory, notwithstanding Rule 57A. The fact that the steam was used in manufacturing paper, including exempted final products, did not by itself defeat credit. The proviso to Rule 57C(2) specifically excluded fuel inputs from the restriction, and the cited authorities supported allowance of credit where the fuel was consumed in the manufacturing process. Revenue's objection to the credit was rejected. Case-Laws Central Excise Mon, 30 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125363