https://www.taxtmi.com/caselaws?id=53210 Modvat credit was held admissible on inputs used to finish semi-finished screw drivers because the finished goods were cleared on payment of excise duty. The Revenue could not deny the credit by simultaneously arguing that the processing did not amount to manufacture when duty had been levied on the same goods under the Central Excise Act. The Tribunal also relied on Rule 57F(4) of the Central Excise Rules, 1944, which permitted removal of inputs as such on reversal of credit, supporting the assessee's entitlement to the benefit. The Revenue's challenge to the credit claim was rejected. en-us Thu, 12 Feb 2004 00:00:00 +0530 Mon, 11 Oct 2010 15:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53210 Modvat credit was held admissible on inputs used to finish semi-finished screw drivers because the finished goods were cleared on payment of excise duty. The Revenue could not deny the credit by simultaneously arguing that the processing did not amount to manufacture when duty had been levied on the same goods under the Central Excise Act. The Tribunal also relied on Rule 57F(4) of the Central Excise Rules, 1944, which permitted removal of inputs as such on reversal of credit, supporting the assessee's entitlement to the benefit. The Revenue's challenge to the credit claim was rejected. Case-Laws Central Excise Thu, 12 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53210