https://www.taxtmi.com/caselaws?id=54844 The Commissioner (Appeals) upheld the grant of Modvat credit on OTS cans used in manufacturing final products, rejecting the Revenue's appeal. The Commissioner ruled that credit cannot be denied if inputs were utilized when final products were dutiable, even if the final product later became exempt. The Tribunal's decision in a similar case was affirmed by the Apex Court, emphasizing that once credit is validly taken, its benefit remains without time limitation. The appeal was dismissed, affirming the Commissioner's decision in favor of the assessee. en-us Wed, 16 Nov 2005 00:00:00 +0530 Fri, 22 Oct 2010 12:59:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54844 The Commissioner (Appeals) upheld the grant of Modvat credit on OTS cans used in manufacturing final products, rejecting the Revenue's appeal. The Commissioner ruled that credit cannot be denied if inputs were utilized when final products were dutiable, even if the final product later became exempt. The Tribunal's decision in a similar case was affirmed by the Apex Court, emphasizing that once credit is validly taken, its benefit remains without time limitation. The appeal was dismissed, affirming the Commissioner's decision in favor of the assessee. Case-Laws Central Excise Wed, 16 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54844