https://www.taxtmi.com/caselaws?id=310997 Modvat credit on capital goods was considered admissible where the goods were used during the job-work period under Notification No. 214/86-CE and were later cleared on payment of duty. On those facts, the capital goods could not be treated as used exclusively in the manufacture of exempted goods, so denial of credit was unsustainable. The related duty demand on removal of the used capital goods also failed, because goods processed under the job-work notification were not treated as exempted goods for this purpose. The penalty was consequently set aside, and the appeal succeeded with consequential relief. en-us Mon, 22 May 2006 00:00:00 +0530 Fri, 01 Dec 2023 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310997 Modvat credit on capital goods was considered admissible where the goods were used during the job-work period under Notification No. 214/86-CE and were later cleared on payment of duty. On those facts, the capital goods could not be treated as used exclusively in the manufacture of exempted goods, so denial of credit was unsustainable. The related duty demand on removal of the used capital goods also failed, because goods processed under the job-work notification were not treated as exempted goods for this purpose. The penalty was consequently set aside, and the appeal succeeded with consequential relief. Case-Laws Central Excise Mon, 22 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310997