https://www.taxtmi.com/caselaws?id=34593 Rule 57A was construed to allow Modvat credit on inputs used in or in relation to manufacture, whether directly or indirectly and whether or not contained in the final product. Applying the scheme of Rules 57A, 57B, 57C and 57CC, the Court found no perversity in the Tribunal's view that furnace oil used as fuel in manufacturing tyres for animal-drawn vehicles qualified for credit, even though the final product was exempt. The Revenue's challenge failed and the Tribunal's order allowing the assessee's claim was upheld. en-us Thu, 27 Aug 2009 00:00:00 +0530 Wed, 07 Jul 2010 19:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34593 Rule 57A was construed to allow Modvat credit on inputs used in or in relation to manufacture, whether directly or indirectly and whether or not contained in the final product. Applying the scheme of Rules 57A, 57B, 57C and 57CC, the Court found no perversity in the Tribunal's view that furnace oil used as fuel in manufacturing tyres for animal-drawn vehicles qualified for credit, even though the final product was exempt. The Revenue's challenge failed and the Tribunal's order allowing the assessee's claim was upheld. Case-Laws Central Excise Thu, 27 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34593