https://www.taxtmi.com/caselaws?id=1120 Lubricating oil supplied with machinery in separate drums was held eligible for Modvat credit because it was essential for immediate commissioning and smooth operation of the final product, and its value formed part of the assessable value on which duty was paid. The separate delivery was treated as a matter of convenience, not as a reason to deny credit. The Tribunal applied the broad scope of the Modvat scheme and the principle that credit is available where the input is necessary for the functioning of the final product and its cost is included in its value. Credit was therefore allowed in favour of the assessee. en-us Thu, 05 Oct 2006 00:00:00 +0530 Mon, 14 Apr 2008 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1120 Lubricating oil supplied with machinery in separate drums was held eligible for Modvat credit because it was essential for immediate commissioning and smooth operation of the final product, and its value formed part of the assessable value on which duty was paid. The separate delivery was treated as a matter of convenience, not as a reason to deny credit. The Tribunal applied the broad scope of the Modvat scheme and the principle that credit is available where the input is necessary for the functioning of the final product and its cost is included in its value. Credit was therefore allowed in favour of the assessee. Case-Laws Central Excise Thu, 05 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1120