https://www.taxtmi.com/caselaws?id=83199 Under the Modvat scheme, input credit was treated as unavailable where the final product was cleared under exemption or at nil duty. Compliance with Rules 57A, 57F and 57G did not by itself secure credit because Rule 57C barred allowance of credit when the finished goods were exempt, and the admissibility of credit depended on the status of the final product when credit was claimed. Earlier authorities were distinguished on the basis that they involved different exemption or set-off provisions. The article concludes that, on the stated facts, the credit could not be retained and the duty demand was sustainable. en-us Fri, 11 Feb 1994 00:00:00 +0530 Mon, 11 Jul 2011 16:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83199 Under the Modvat scheme, input credit was treated as unavailable where the final product was cleared under exemption or at nil duty. Compliance with Rules 57A, 57F and 57G did not by itself secure credit because Rule 57C barred allowance of credit when the finished goods were exempt, and the admissibility of credit depended on the status of the final product when credit was claimed. Earlier authorities were distinguished on the basis that they involved different exemption or set-off provisions. The article concludes that, on the stated facts, the credit could not be retained and the duty demand was sustainable. Case-Laws Central Excise Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83199