https://www.taxtmi.com/caselaws?id=51749 Flywheels received for further processing were treated as Modvat inputs, but where the processing did not amount to manufacture, no duty liability arose on the processed goods and the credit remained a dead entry. On that basis, reversal of the credit or adjustment against duty was held unnecessary because the credit could not be put to practical use. The demand was set aside, while the direction for future receipts under Rule 173H was confined to regulating subsequent transactions and preventing further disputes. en-us Wed, 13 Nov 2002 00:00:00 +0530 Tue, 28 Sep 2010 10:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51749 Flywheels received for further processing were treated as Modvat inputs, but where the processing did not amount to manufacture, no duty liability arose on the processed goods and the credit remained a dead entry. On that basis, reversal of the credit or adjustment against duty was held unnecessary because the credit could not be put to practical use. The demand was set aside, while the direction for future receipts under Rule 173H was confined to regulating subsequent transactions and preventing further disputes. Case-Laws Central Excise Wed, 13 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51749