https://www.taxtmi.com/caselaws?id=51413 Modvat credit on glass shell and electron gun used in 14" picture tubes could be used to pay duty on 17" and 20" picture tubes because the scheme did not require one-to-one correlation where the final products were similar. The Tribunal held that "similar" means goods need not be identical, only generally alike, and treated 14", 17" and 20" black-and-white picture tubes as falling within the same class for credit utilisation. The assessee was therefore entitled to use the credit. The question of refund and lapse of credit turned on factual recalculation, so the matter was remanded for limited verification of the lapsed credit, relevant period, and any refundable amount. en-us Fri, 19 Apr 2002 00:00:00 +0530 Fri, 24 Sep 2010 16:17:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51413 Modvat credit on glass shell and electron gun used in 14" picture tubes could be used to pay duty on 17" and 20" picture tubes because the scheme did not require one-to-one correlation where the final products were similar. The Tribunal held that "similar" means goods need not be identical, only generally alike, and treated 14", 17" and 20" black-and-white picture tubes as falling within the same class for credit utilisation. The assessee was therefore entitled to use the credit. The question of refund and lapse of credit turned on factual recalculation, so the matter was remanded for limited verification of the lapsed credit, relevant period, and any refundable amount. Case-Laws Central Excise Fri, 19 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51413