Modvat credit on inputs usable for duty on by-product upheld, allowing set-off against sodium sulphate duty. Credit of duty paid on caustic soda (sodium hydroxide) and sulphuric acid used in viscose staple fibre manufacture may be utilised towards payment of duty on sodium sulphate produced as a by-product, because both inputs and the by-product are specified under the applicable notification and the cited rule does not deny MODVAT credit in this situation.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit on inputs usable for duty on by-product upheld, allowing set-off against sodium sulphate duty.
Credit of duty paid on caustic soda (sodium hydroxide) and sulphuric acid used in viscose staple fibre manufacture may be utilised towards payment of duty on sodium sulphate produced as a by-product, because both inputs and the by-product are specified under the applicable notification and the cited rule does not deny MODVAT credit in this situation.
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