https://www.taxtmi.com/caselaws?id=52823 Modvat credit on capital goods used commonly for both dutiable and exempted final products was held admissible. The Tribunal applied its earlier view that credit cannot be denied merely because the same capital goods are employed in manufacturing cotton yarn in cones, as well as plain reel hanks and yarn waste liable to exemption or nil duty. Denial of credit would arise only where the capital goods are used exclusively for non-dutiable goods. On that basis, the Revenue's challenge failed and credit on the capital goods was allowed. en-us Fri, 16 Jan 2004 00:00:00 +0530 Fri, 08 Oct 2010 10:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52823 Modvat credit on capital goods used commonly for both dutiable and exempted final products was held admissible. The Tribunal applied its earlier view that credit cannot be denied merely because the same capital goods are employed in manufacturing cotton yarn in cones, as well as plain reel hanks and yarn waste liable to exemption or nil duty. Denial of credit would arise only where the capital goods are used exclusively for non-dutiable goods. On that basis, the Revenue's challenge failed and credit on the capital goods was allowed. Case-Laws Central Excise Fri, 16 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52823