https://www.taxtmi.com/caselaws?id=951 For credit reversal under Rule 57CC, the relevant final product is the immediate product manufactured from the inputs, not a later assembled product to which that product is merely a component. Pig iron and foundry chemicals were used directly to make castings, and the provision required a direct nexus between those inputs and the exempt final product. On that basis, reversal had to be calculated with reference to the castings rather than the value of the captive power driven pumps, because treating the pumps as the relevant final product would disconnect the adjustment from the actual inputs used and burden exempt goods. en-us Mon, 04 Dec 2006 00:00:00 +0530 Sun, 13 Apr 2008 19:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=951 For credit reversal under Rule 57CC, the relevant final product is the immediate product manufactured from the inputs, not a later assembled product to which that product is merely a component. Pig iron and foundry chemicals were used directly to make castings, and the provision required a direct nexus between those inputs and the exempt final product. On that basis, reversal had to be calculated with reference to the castings rather than the value of the captive power driven pumps, because treating the pumps as the relevant final product would disconnect the adjustment from the actual inputs used and burden exempt goods. Case-Laws Central Excise Mon, 04 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=951