https://www.taxtmi.com/caselaws?id=52576 Modvat credit under Rule 57A was not admissible on inputs used to manufacture tools and dies that were fully exempt from duty and used only within the factory. The tools and dies were treated as final products, not intermediate goods, because they did not form part of or get incorporated into the finished excisable goods; they were merely aids in the manufacturing process and were in the nature of capital goods. Credit was also unavailable because the inputs were not shown to be parts, components, spares or accessories of capital goods, and the goods manufactured from the inputs were exempt under Notification No. 67/95-C.E. en-us Wed, 31 Dec 2003 00:00:00 +0530 Wed, 06 Oct 2010 16:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52576 Modvat credit under Rule 57A was not admissible on inputs used to manufacture tools and dies that were fully exempt from duty and used only within the factory. The tools and dies were treated as final products, not intermediate goods, because they did not form part of or get incorporated into the finished excisable goods; they were merely aids in the manufacturing process and were in the nature of capital goods. Credit was also unavailable because the inputs were not shown to be parts, components, spares or accessories of capital goods, and the goods manufactured from the inputs were exempt under Notification No. 67/95-C.E. Case-Laws Central Excise Wed, 31 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52576