https://www.taxtmi.com/caselaws?id=288076 Captively used gravure printing cylinders were treated as intermediate products in the manufacture of printed laminated plastic film, even though they could be final products for another purpose. The Tribunal applied the Larger Bench view that such intermediate products are governed by Rule 57D(2), so Modvat credit on inputs used in their manufacture remains admissible despite exemption on clearance; Rule 57C did not bar the credit. Earlier decisions excluding sand moulds from the intermediate product category were held no longer good law, and the credit claim was upheld. en-us Fri, 08 May 1998 00:00:00 +0530 Mon, 18 May 2020 14:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288076 Captively used gravure printing cylinders were treated as intermediate products in the manufacture of printed laminated plastic film, even though they could be final products for another purpose. The Tribunal applied the Larger Bench view that such intermediate products are governed by Rule 57D(2), so Modvat credit on inputs used in their manufacture remains admissible despite exemption on clearance; Rule 57C did not bar the credit. Earlier decisions excluding sand moulds from the intermediate product category were held no longer good law, and the credit claim was upheld. Case-Laws Indian Laws Fri, 08 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288076