https://www.taxtmi.com/caselaws?id=81048 Galvanised wires cleared under an exemption notification were treated as inputs liable to the deemed credit exclusion for goods clearly recognisable as non-duty paid or charged to nil rate of duty. The deemed Modvat credit scheme was held to be only a procedural relaxation dispensing with duty-paying documents, not the substantive requirement that the input bear duty. Exempted goods could therefore fall outside the credit scheme, and the assessees had to establish that the inputs were duty paid. The departmental clarification was held non-binding, and no estoppel could operate against law; credit was disallowed. en-us Fri, 18 Jan 1991 00:00:00 +0530 Wed, 22 Jun 2011 10:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81048 Galvanised wires cleared under an exemption notification were treated as inputs liable to the deemed credit exclusion for goods clearly recognisable as non-duty paid or charged to nil rate of duty. The deemed Modvat credit scheme was held to be only a procedural relaxation dispensing with duty-paying documents, not the substantive requirement that the input bear duty. Exempted goods could therefore fall outside the credit scheme, and the assessees had to establish that the inputs were duty paid. The departmental clarification was held non-binding, and no estoppel could operate against law; credit was disallowed. Case-Laws Central Excise Fri, 18 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81048