https://www.taxtmi.com/caselaws?id=54377 Modvat/Cenvat credit on inputs used to manufacture capitalised machines for job work could not be denied merely because the machines were said to be used for exempted or nil-rated goods. The machines were employed in processing goods received under job work arrangements, and the processed goods were returned to the principal manufacturers and ultimately cleared on payment of duty. That clearances on job work basis were not equivalent to clearances of exempted or nil-rated goods, so the premise for denying credit was incorrect. Credit was therefore held admissible and the denial unsustainable. en-us Thu, 23 Jun 2005 00:00:00 +0530 Sat, 04 May 2024 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54377 Modvat/Cenvat credit on inputs used to manufacture capitalised machines for job work could not be denied merely because the machines were said to be used for exempted or nil-rated goods. The machines were employed in processing goods received under job work arrangements, and the processed goods were returned to the principal manufacturers and ultimately cleared on payment of duty. That clearances on job work basis were not equivalent to clearances of exempted or nil-rated goods, so the premise for denying credit was incorrect. Credit was therefore held admissible and the denial unsustainable. Case-Laws Central Excise Thu, 23 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54377