https://www.taxtmi.com/caselaws?id=54374 Duty-paid inputs remained eligible for Modvat/Cenvat credit even though the intermediate drawing of wire rods into wires was not treated as manufacture. The Tribunal accepted that credit could not be denied merely because the department contended that no manufacture had taken place, where duty had already been levied and collected on clearance of the goods. It also treated the matter as revenue neutral and held that the credit was validly utilised under the Modvat/Cenvat scheme. On that basis, the denial of credit was unsustainable and the impugned orders were set aside. en-us Thu, 17 Mar 2005 00:00:00 +0530 Tue, 19 Oct 2010 17:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54374 Duty-paid inputs remained eligible for Modvat/Cenvat credit even though the intermediate drawing of wire rods into wires was not treated as manufacture. The Tribunal accepted that credit could not be denied merely because the department contended that no manufacture had taken place, where duty had already been levied and collected on clearance of the goods. It also treated the matter as revenue neutral and held that the credit was validly utilised under the Modvat/Cenvat scheme. On that basis, the denial of credit was unsustainable and the impugned orders were set aside. Case-Laws Central Excise Thu, 17 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54374