https://www.taxtmi.com/caselaws?id=49965 Fuel oil used for captive generation of electricity qualifies as an input for Modvat credit where the electricity is consumed in or in relation to the manufacture of dutiable final products. The larger bench principle applied was that a captive electricity-generation arrangement forms part of the manufacturing process, so the fuel used for that purpose retains its character as an eligible input. This eligibility was recognised even for the period prior to 16-3-1995, and Modvat credit on LSHS was therefore admissible to the assessee. en-us Mon, 04 Sep 2000 00:00:00 +0530 Wed, 18 Aug 2010 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49965 Fuel oil used for captive generation of electricity qualifies as an input for Modvat credit where the electricity is consumed in or in relation to the manufacture of dutiable final products. The larger bench principle applied was that a captive electricity-generation arrangement forms part of the manufacturing process, so the fuel used for that purpose retains its character as an eligible input. This eligibility was recognised even for the period prior to 16-3-1995, and Modvat credit on LSHS was therefore admissible to the assessee. Case-Laws Central Excise Mon, 04 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49965