https://www.taxtmi.com/caselaws?id=82564 Higher notional Modvat credit for special excise duty was available only at the rate expressly prescribed in the applicable notification, and the ceiling of 5% ad valorem controlled the claim. Rule 57B was treated as the basis for claiming such credit, but it did not permit an enhanced rate beyond the limit fixed under the notification issued under Rule 8(1) or Section 5A(1). The text states that a claim for 10.5% exceeded the prescribed ceiling, and the linkage between special excise duty and basic duty did not justify credit above that cap. en-us Mon, 08 Feb 1993 00:00:00 +0530 Tue, 05 Jul 2011 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82564 Higher notional Modvat credit for special excise duty was available only at the rate expressly prescribed in the applicable notification, and the ceiling of 5% ad valorem controlled the claim. Rule 57B was treated as the basis for claiming such credit, but it did not permit an enhanced rate beyond the limit fixed under the notification issued under Rule 8(1) or Section 5A(1). The text states that a claim for 10.5% exceeded the prescribed ceiling, and the linkage between special excise duty and basic duty did not justify credit above that cap. Case-Laws Central Excise Mon, 08 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82564