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<h1>Tribunal clarifies notional credit rule: Inputs must be received before notification expiry</h1> The Tribunal upheld the denial of higher notional credit to assessees for goods received after the notification expiry, clarifying that the benefit only ... Modvat - Higher notional credit The case involved denial of higher notional credit to assessees for goods received after the relevant notification had expired. The Tribunal upheld the decision, stating that the benefit only applied if inputs were received before the notification ceased to exist. The appeal was dismissed.