https://www.taxtmi.com/caselaws?id=190461 Modvat credit on capital goods was held admissible where the goods were used in manufacturing an intermediate product captively consumed in producing dutiable final goods. The court reasoned that credit cannot be denied merely because the intermediate product falls under an excluded heading or is otherwise exempt, so long as the capital goods form part of the manufacture of the final duty-paid product. Applying that principle, the exclusion under Rule 57Q did not bar the claim on the facts, and the Revenue's challenge failed; the Tribunal's order allowing credit was sustained. en-us Fri, 06 Dec 2013 00:00:00 +0530 Thu, 28 Sep 2017 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190461 Modvat credit on capital goods was held admissible where the goods were used in manufacturing an intermediate product captively consumed in producing dutiable final goods. The court reasoned that credit cannot be denied merely because the intermediate product falls under an excluded heading or is otherwise exempt, so long as the capital goods form part of the manufacture of the final duty-paid product. Applying that principle, the exclusion under Rule 57Q did not bar the claim on the facts, and the Revenue's challenge failed; the Tribunal's order allowing credit was sustained. Case-Laws Central Excise Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190461