https://www.taxtmi.com/caselaws?id=190437 Modvat credit on LDO and furnace oil used as fuel in manufacture remained admissible even though some final products were cleared at nil rate of duty. The text applies Rule 57C and Rule 57CC of the Central Excise Rules, 1944, and notes that the statutory scheme specifically excludes inputs used as fuel from denial or proportionate reversal of credit. Earlier Tribunal rulings were treated as supporting this view, while the contrary Revenue authority was distinguished because it did not involve fuel inputs covered by the special exclusion. The result stated is that denial of credit was unsustainable and the appeals succeeded. en-us Thu, 16 Dec 2004 00:00:00 +0530 Wed, 15 Feb 2017 16:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190437 Modvat credit on LDO and furnace oil used as fuel in manufacture remained admissible even though some final products were cleared at nil rate of duty. The text applies Rule 57C and Rule 57CC of the Central Excise Rules, 1944, and notes that the statutory scheme specifically excludes inputs used as fuel from denial or proportionate reversal of credit. Earlier Tribunal rulings were treated as supporting this view, while the contrary Revenue authority was distinguished because it did not involve fuel inputs covered by the special exclusion. The result stated is that denial of credit was unsustainable and the appeals succeeded. Case-Laws Central Excise Thu, 16 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190437