https://www.taxtmi.com/caselaws?id=33930 MODVAT credit was held admissible on light diesel oil used as fuel for generating electricity within the factory, because Rule 57B allowed credit on fuel inputs and on inputs used for electricity generation. Rule 57C and Rule 57CC did not disqualify such fuel inputs, even where part of the final product was cleared without duty under Chapter X procedure. The absence of separate inventory and accounts under Rule 57CC was therefore not fatal on these facts. On that basis, denial of credit and consequential penalty were stated to be unsustainable. en-us Mon, 16 Mar 2009 00:00:00 +0530 Tue, 23 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33930 MODVAT credit was held admissible on light diesel oil used as fuel for generating electricity within the factory, because Rule 57B allowed credit on fuel inputs and on inputs used for electricity generation. Rule 57C and Rule 57CC did not disqualify such fuel inputs, even where part of the final product was cleared without duty under Chapter X procedure. The absence of separate inventory and accounts under Rule 57CC was therefore not fatal on these facts. On that basis, denial of credit and consequential penalty were stated to be unsustainable. Case-Laws Central Excise Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33930