https://www.taxtmi.com/caselaws?id=73780 Deemed MODVAT credit under Rule 57G(2) was available for specified inputs unless the goods were clearly recognisable as non-duty paid or charged to nil rate of duty. A conditional exemption notification for M.S. sheets did not, by itself, establish that steel sheets purchased from the open market were excluded from deemed credit. Because the department produced no evidence that the relevant exemption conditions were satisfied for the disputed goods, mere reliance on the notification was insufficient to deny credit. The deemed credit claim was therefore sustained and the challenge to the order was rejected. en-us Thu, 30 Jun 1988 00:00:00 +0530 Fri, 03 Jun 2011 15:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73780 Deemed MODVAT credit under Rule 57G(2) was available for specified inputs unless the goods were clearly recognisable as non-duty paid or charged to nil rate of duty. A conditional exemption notification for M.S. sheets did not, by itself, establish that steel sheets purchased from the open market were excluded from deemed credit. Because the department produced no evidence that the relevant exemption conditions were satisfied for the disputed goods, mere reliance on the notification was insufficient to deny credit. The deemed credit claim was therefore sustained and the challenge to the order was rejected. Case-Laws Central Excise Thu, 30 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73780