https://www.taxtmi.com/caselaws?id=73870 Rule 56A barred simultaneous proforma credit and MODVAT credit on the same inputs for the period before 15.4.1987, because the pre-amendment text of Rule 56A(9), read with Rule 56A(8), operated as a complete restriction. The substitution by Notification No. 117/87 from 15.4.1987 relaxed that bar and allowed proforma credit for inputs not covered by MODVAT, so eligibility after that date required fresh determination. Notional credit under Rule 57B was not available on intermediate goods covered by exemption under Notification No. 217/86, since the exemption could not be ignored merely because duty had been paid on the goods. The claim for higher notional credit was rejected. en-us Mon, 20 Jun 1988 00:00:00 +0530 Sat, 04 Jun 2011 10:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73870 Rule 56A barred simultaneous proforma credit and MODVAT credit on the same inputs for the period before 15.4.1987, because the pre-amendment text of Rule 56A(9), read with Rule 56A(8), operated as a complete restriction. The substitution by Notification No. 117/87 from 15.4.1987 relaxed that bar and allowed proforma credit for inputs not covered by MODVAT, so eligibility after that date required fresh determination. Notional credit under Rule 57B was not available on intermediate goods covered by exemption under Notification No. 217/86, since the exemption could not be ignored merely because duty had been paid on the goods. The claim for higher notional credit was rejected. Case-Laws Central Excise Mon, 20 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73870