https://www.taxtmi.com/caselaws?id=30652 Modvat credit was admissible on low sulphur heavy stock used to generate steam, because the input remained within the credit scheme even though the steam was used in relation to exempt fertilizer production. Rule 57B(1)(iv) was construed to cover inputs used for generation of steam within the factory, including steam connected with manufacture of final products or other factory use. On that interpretation, the assessee's entitlement to Modvat credit was sustained and the Revenue challenge failed. en-us Wed, 16 Jul 2008 00:00:00 +0530 Mon, 21 Oct 2013 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30652 Modvat credit was admissible on low sulphur heavy stock used to generate steam, because the input remained within the credit scheme even though the steam was used in relation to exempt fertilizer production. Rule 57B(1)(iv) was construed to cover inputs used for generation of steam within the factory, including steam connected with manufacture of final products or other factory use. On that interpretation, the assessee's entitlement to Modvat credit was sustained and the Revenue challenge failed. Case-Laws Central Excise Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30652