https://www.taxtmi.com/caselaws?id=53310 Modvat credit under Rule 57A and Rule 57F(3) was examined for use across different motor vehicle models and for tool kits supplied with vehicles. The scheme permitted credit on specified inputs intended for use in the manufacture of the declared final products, and did not require a strict one-to-one correlation between each input and a particular vehicle model, so credit could be utilised toward duty on different motor vehicle products. By contrast, bought-out tool kits supplied with motor vehicles were treated as not being inputs used in or in relation to manufacture, and were not admissible for Modvat credit. en-us Mon, 11 Oct 2004 00:00:00 +0530 Tue, 12 Oct 2010 15:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53310 Modvat credit under Rule 57A and Rule 57F(3) was examined for use across different motor vehicle models and for tool kits supplied with vehicles. The scheme permitted credit on specified inputs intended for use in the manufacture of the declared final products, and did not require a strict one-to-one correlation between each input and a particular vehicle model, so credit could be utilised toward duty on different motor vehicle products. By contrast, bought-out tool kits supplied with motor vehicles were treated as not being inputs used in or in relation to manufacture, and were not admissible for Modvat credit. Case-Laws Central Excise Mon, 11 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53310