https://www.taxtmi.com/caselaws?id=53926 Modvat credit was recognised for asbestos packing and slat used in the assessee's manufacturing activity. The asbestos packing issue had already been settled in the assessee's favour by prior Tribunal precedent, and that settled position was followed. The slat was treated as part of the cane carrier, a machine used in the sugar industry, and a binding Board circular clarified that all parts of such machinery were eligible for Modvat credit regardless of classification. A contrary classification-based view was therefore rejected, and credit was held admissible on both items. en-us Wed, 16 Feb 2005 00:00:00 +0530 Sat, 16 Oct 2010 10:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53926 Modvat credit was recognised for asbestos packing and slat used in the assessee's manufacturing activity. The asbestos packing issue had already been settled in the assessee's favour by prior Tribunal precedent, and that settled position was followed. The slat was treated as part of the cane carrier, a machine used in the sugar industry, and a binding Board circular clarified that all parts of such machinery were eligible for Modvat credit regardless of classification. A contrary classification-based view was therefore rejected, and credit was held admissible on both items. Case-Laws Central Excise Wed, 16 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53926