https://www.taxtmi.com/caselaws?id=2143 Rule 57R(2) of the Central Excise Rules, 1944 was treated as pari materia with Rule 57D(2), so the same principle applied: failure to satisfy the stated condition did not by itself defeat Modvat credit otherwise available under the scheme. On that basis, credit on parts and components used in a co-generation plant could not be denied merely because the electricity generated was partly captively consumed and partly removed from the factory, and the objection based on electricity being an exempted intermediate or final product had already been rejected. en-us Tue, 12 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2143 Rule 57R(2) of the Central Excise Rules, 1944 was treated as pari materia with Rule 57D(2), so the same principle applied: failure to satisfy the stated condition did not by itself defeat Modvat credit otherwise available under the scheme. On that basis, credit on parts and components used in a co-generation plant could not be denied merely because the electricity generated was partly captively consumed and partly removed from the factory, and the objection based on electricity being an exempted intermediate or final product had already been rejected. Case-Laws Central Excise Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2143