https://www.taxtmi.com/caselaws?id=82798 Modvat credit was treated as available where inputs were used in intermediate goods sent to another factory for further manufacture of export goods. Rule 57C was held inapplicable because clearance under bond for export is not equivalent to a wholly exempt or nil-rate final product, and Rule 57F(3) was read harmoniously to cover both inputs in exported final products and inputs in intermediate products used for export manufacture. On that basis, denial of credit was unsustainable, and the amount already debited from the RG 23A account had to be restored by recredit, with waiver of predeposit. en-us Fri, 17 Sep 1993 00:00:00 +0530 Thu, 07 Jul 2011 13:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82798 Modvat credit was treated as available where inputs were used in intermediate goods sent to another factory for further manufacture of export goods. Rule 57C was held inapplicable because clearance under bond for export is not equivalent to a wholly exempt or nil-rate final product, and Rule 57F(3) was read harmoniously to cover both inputs in exported final products and inputs in intermediate products used for export manufacture. On that basis, denial of credit was unsustainable, and the amount already debited from the RG 23A account had to be restored by recredit, with waiver of predeposit. Case-Laws Central Excise Fri, 17 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82798