Reliance Industries Ltd. vs Commissioner Of C. Ex. on 4 February, 1997
Shri Sridharan would also urge us to follow the judgment of the Tribunal in the case of Ashwin Vanaspathi Industrial (P) Ltd. v. Collector of Central Excise - 1990 (70) E.L.T. 754 (Tribunal) where Tribunal held that any distinct excisable goods which may come into existence in the course of manufacture of the final product has to be taken as an intermediate product and even if that excisable product is exempt from payment of duty under Rule 57D(2). Tribunal had held in that case also that the input used therefor remains eligible to get Modvat credit.