https://www.taxtmi.com/caselaws?id=151749 Modvat credit on alloy steel blocks was held admissible where the steel moulds manufactured from them were captively consumed in producing plastic moulded articles. The absence of entries for the moulds in RG-1 register or ER-1 returns did not, by itself, justify denial of credit, because the moulds were used in the manufacturing process and were exempted from duty under Notification No. 67/95. Non-reflection in statutory records was therefore insufficient to negate manufacture or captive consumption, and the denial of credit was unsustainable. en-us Wed, 29 Jul 2009 00:00:00 +0530 Fri, 14 Jun 2013 17:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151749 Modvat credit on alloy steel blocks was held admissible where the steel moulds manufactured from them were captively consumed in producing plastic moulded articles. The absence of entries for the moulds in RG-1 register or ER-1 returns did not, by itself, justify denial of credit, because the moulds were used in the manufacturing process and were exempted from duty under Notification No. 67/95. Non-reflection in statutory records was therefore insufficient to negate manufacture or captive consumption, and the denial of credit was unsustainable. Case-Laws Central Excise Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151749