https://www.taxtmi.com/caselaws?id=2563 Capital goods credit was held admissible for a job worker who processed auto components received under Rule 57F(4) and cleared the finished goods on payment of duty under Rule 52A invoices. The denial of Modvat credit on the ground that the goods should have been cleared under Notification No. 214/86-CE failed, because the job worker was not bound to use the notification procedure. Since the final products were actually removed on duty payment, the bar in Rule 57R(1) relating to capital goods used exclusively for exempted final products did not apply. The disallowance of credit was therefore unsustainable. en-us Mon, 06 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2563 Capital goods credit was held admissible for a job worker who processed auto components received under Rule 57F(4) and cleared the finished goods on payment of duty under Rule 52A invoices. The denial of Modvat credit on the ground that the goods should have been cleared under Notification No. 214/86-CE failed, because the job worker was not bound to use the notification procedure. Since the final products were actually removed on duty payment, the bar in Rule 57R(1) relating to capital goods used exclusively for exempted final products did not apply. The disallowance of credit was therefore unsustainable. Case-Laws Central Excise Mon, 06 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2563