https://www.taxtmi.com/caselaws?id=267130 The High Court clarified that High Speed Diesel (HSD) qualifies as an input for MODVAT credit under Rule 57A of the Central Excise Rules, 1944. The Court held that HSD used for generating electricity within the factory premises for manufacturing final products is eligible for credit, despite being excluded under Rule 57A. The judgment favored the assessee, emphasizing the Rule's provisions and exclusion clause's limited scope in determining credit admissibility for manufacturing inputs. en-us Tue, 27 Oct 2015 00:00:00 +0530 Wed, 04 May 2016 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267130 The High Court clarified that High Speed Diesel (HSD) qualifies as an input for MODVAT credit under Rule 57A of the Central Excise Rules, 1944. The Court held that HSD used for generating electricity within the factory premises for manufacturing final products is eligible for credit, despite being excluded under Rule 57A. The judgment favored the assessee, emphasizing the Rule's provisions and exclusion clause's limited scope in determining credit admissibility for manufacturing inputs. Case-Laws Central Excise Tue, 27 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267130