https://www.taxtmi.com/caselaws?id=288964 Modvat credit on inputs used in job-work manufacture of goods covered by Notification No. 214/86-CE was available where the principal manufacturer cleared the finished goods on payment of duty. The entitlement turned on whether the final product could be treated as exempted goods; because excise duty was in fact paid at the stage of clearance by the principal manufacturer, the credit chain remained intact and the inputs did not lose credit eligibility. The Tribunal noted that the point had already been settled by prior decisions applying the same principle, and the disallowance of credit was therefore unsustainable. en-us Wed, 15 Sep 2004 00:00:00 +0530 Wed, 08 Jul 2020 11:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288964 Modvat credit on inputs used in job-work manufacture of goods covered by Notification No. 214/86-CE was available where the principal manufacturer cleared the finished goods on payment of duty. The entitlement turned on whether the final product could be treated as exempted goods; because excise duty was in fact paid at the stage of clearance by the principal manufacturer, the credit chain remained intact and the inputs did not lose credit eligibility. The Tribunal noted that the point had already been settled by prior decisions applying the same principle, and the disallowance of credit was therefore unsustainable. Case-Laws Central Excise Wed, 15 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288964