https://www.taxtmi.com/caselaws?id=51049 Modvat credit was treated as admissible where inputs were used by a job worker in processing goods for return to the principal manufacturer and where inputs were captively consumed in manufacturing final products cleared by the assessee. The Tribunal applied its earlier Jindal Polymers reasoning and held that the governing Modvat scheme covered both the job-work and captive-consumption situations, so Rule 57C was not a basis to deny credit merely because the processed goods were cleared without duty by the principal manufacturer or within the same manufacturing arrangement. The orders disallowing credit were set aside. en-us Mon, 26 Nov 2001 00:00:00 +0530 Wed, 22 Sep 2010 13:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51049 Modvat credit was treated as admissible where inputs were used by a job worker in processing goods for return to the principal manufacturer and where inputs were captively consumed in manufacturing final products cleared by the assessee. The Tribunal applied its earlier Jindal Polymers reasoning and held that the governing Modvat scheme covered both the job-work and captive-consumption situations, so Rule 57C was not a basis to deny credit merely because the processed goods were cleared without duty by the principal manufacturer or within the same manufacturing arrangement. The orders disallowing credit were set aside. Case-Laws Central Excise Mon, 26 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51049