https://www.taxtmi.com/caselaws?id=406 Rule 3(3) of the Cenvat Credit Rules, 2002 allowed MODVAT credit to be used for payment of duty on any final product, and the credit was treated as indefeasible. No co-relation was required between the input on which credit arose and the final product on which duty was paid, so product-wise segregation of credit was inconsistent with the rule and the Board's circular. The assessee was therefore entitled to utilise credit across its final products, and the demand based on segregation was unsustainable. en-us Mon, 09 Jan 2006 00:00:00 +0530 Sun, 13 Apr 2008 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406 Rule 3(3) of the Cenvat Credit Rules, 2002 allowed MODVAT credit to be used for payment of duty on any final product, and the credit was treated as indefeasible. No co-relation was required between the input on which credit arose and the final product on which duty was paid, so product-wise segregation of credit was inconsistent with the rule and the Board's circular. The assessee was therefore entitled to utilise credit across its final products, and the demand based on segregation was unsustainable. Case-Laws Central Excise Mon, 09 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406