https://www.taxtmi.com/caselaws?id=82902 Under Rule 57F(1)(ii) of the Central Excise Rules, inputs removed as such from a Modvat recipient's factory are treated by legal fiction as if they were manufactured in the factory for the limited purpose of clearance. Duty is therefore payable on the assessable value and at the rate prevailing on the date of removal, subject only to the proviso that duty cannot be less than the credit originally allowed. Mere reversal of Modvat credit is insufficient. The CEGAT, Bombay, decided the issue against the assessee and held that removal of inputs as such attracts duty as on manufactured goods. en-us Mon, 30 Mar 1992 00:00:00 +0530 Fri, 08 Jul 2011 11:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82902 Under Rule 57F(1)(ii) of the Central Excise Rules, inputs removed as such from a Modvat recipient's factory are treated by legal fiction as if they were manufactured in the factory for the limited purpose of clearance. Duty is therefore payable on the assessable value and at the rate prevailing on the date of removal, subject only to the proviso that duty cannot be less than the credit originally allowed. Mere reversal of Modvat credit is insufficient. The CEGAT, Bombay, decided the issue against the assessee and held that removal of inputs as such attracts duty as on manufactured goods. Case-Laws Central Excise Mon, 30 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82902