https://www.taxtmi.com/caselaws?id=51540 Modvat credit on inputs used to manufacture bus-bar was held admissible because the bus-bar was treated as a captively consumed intermediate product, not a final cleared product. Its exemption under Notification No. 67/95-C.E. did not by itself bar credit, and Rule 57C objection failed. Credit remained available under Rule 57D(2) for inputs used in manufacture of the intermediate product, so the demand and penalty were set aside. en-us Wed, 08 May 2002 00:00:00 +0530 Sat, 25 Sep 2010 12:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51540 Modvat credit on inputs used to manufacture bus-bar was held admissible because the bus-bar was treated as a captively consumed intermediate product, not a final cleared product. Its exemption under Notification No. 67/95-C.E. did not by itself bar credit, and Rule 57C objection failed. Credit remained available under Rule 57D(2) for inputs used in manufacture of the intermediate product, so the demand and penalty were set aside. Case-Laws Central Excise Wed, 08 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51540