https://www.taxtmi.com/caselaws?id=46273 Foundry fluxes and chemicals used to make sand moulds for castings were treated as eligible Modvat inputs under Rule 57A, because materials used in relation to the manufacture of the final product were not confined to items directly incorporated in the castings. The Revenue's narrow reading that credit was unavailable for goods used in or in relation to intermediary products, and that the exclusion for machinery and similar items supported denial, was rejected by applying the reasoning in Collector of Central Excise, Chandigarh v. M/s. Zenith Papers. The petition was dismissed in limine. en-us Tue, 23 Apr 2002 00:00:00 +0530 Fri, 16 Jul 2010 18:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46273 Foundry fluxes and chemicals used to make sand moulds for castings were treated as eligible Modvat inputs under Rule 57A, because materials used in relation to the manufacture of the final product were not confined to items directly incorporated in the castings. The Revenue's narrow reading that credit was unavailable for goods used in or in relation to intermediary products, and that the exclusion for machinery and similar items supported denial, was rejected by applying the reasoning in Collector of Central Excise, Chandigarh v. M/s. Zenith Papers. The petition was dismissed in limine. Case-Laws Central Excise Tue, 23 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46273