1999 (8) TMI 312

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..... ]. The short point for determination in this appeal is whether Modvat credit will be admissible on PVC sheets used for making containers to contain set of tools. 2. Sh. J.S. Agarwal, ld. Advocate submits that the appellants manufacture different type of tools. He submits that for the purpose of vehicle, the set of tools are sometimes prepared and sold along with the vehicles. He submits th .....

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..... products, therefore input credit for duty paid on granules is admissible even if containers were made therefrom are exempted from duty so long as final product is not exempt. He submits that in their case PVC sheets are converted into containers in which sets of tools are placed and marketed. He submits that looking to this decision of the Hon ble Madras High Court, they will be entitled to avail .....

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