https://www.taxtmi.com/caselaws?id=184664 Modvat credit on pig iron used to manufacture mould boxes was treated as admissible where those mould boxes were intermediate goods captively consumed in a job-work chain for C.I. castings and the principal manufacturer paid duty on the final product. Rule 57C was read with the job-work scheme so that credit was not broken merely because the intermediate goods themselves were cleared without duty. The duty-paid character of the final product removed the basis for denying credit on the input used for the mould boxes, so the credit denial was unsustainable. en-us Thu, 01 Aug 2002 00:00:00 +0530 Fri, 15 Jul 2016 17:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184664 Modvat credit on pig iron used to manufacture mould boxes was treated as admissible where those mould boxes were intermediate goods captively consumed in a job-work chain for C.I. castings and the principal manufacturer paid duty on the final product. Rule 57C was read with the job-work scheme so that credit was not broken merely because the intermediate goods themselves were cleared without duty. The duty-paid character of the final product removed the basis for denying credit on the input used for the mould boxes, so the credit denial was unsustainable. Case-Laws Central Excise Thu, 01 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184664