https://www.taxtmi.com/caselaws?id=347850 Modvat credit on furnace oil used to generate steam for manufacture was treated as admissible even though the boiler and furnace were situated in adjoining premises, because Rule 57B(1) extended eligibility to inputs used for steam generation and the procedural requirements under Rules 57F(3) and 57F(4) could be complied with. The objection was only procedural, not to substantive entitlement, and the later acceptance of the same credit for a subsequent period supported that view. Credit could therefore not be denied where the input was used in relation to manufacture and the procedural lapse did not defeat the underlying eligibility. en-us Thu, 17 Aug 2017 00:00:00 +0530 Wed, 13 Sep 2017 07:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347850 Modvat credit on furnace oil used to generate steam for manufacture was treated as admissible even though the boiler and furnace were situated in adjoining premises, because Rule 57B(1) extended eligibility to inputs used for steam generation and the procedural requirements under Rules 57F(3) and 57F(4) could be complied with. The objection was only procedural, not to substantive entitlement, and the later acceptance of the same credit for a subsequent period supported that view. Credit could therefore not be denied where the input was used in relation to manufacture and the procedural lapse did not defeat the underlying eligibility. Case-Laws Central Excise Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347850