https://www.taxtmi.com/caselaws?id=83199 Modvat credit on inputs is restricted where the corresponding final products are exempt from the whole of duty or chargeable at a nil rate. Compliance with procedural requirements for declarations and credit utilisation does not override Rule 57C. The admissibility of credit depends on the duty status of the final product when credit is sought to be allowed; where exempt finished goods are cleared and input credit has been utilised, the credit is not allowable and the related duty demand is 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 Modvat credit on inputs is restricted where the corresponding final products are exempt from the whole of duty or chargeable at a nil rate. Compliance with procedural requirements for declarations and credit utilisation does not override Rule 57C. The admissibility of credit depends on the duty status of the final product when credit is sought to be allowed; where exempt finished goods are cleared and input credit has been utilised, the credit is not allowable and the related duty demand is sustainable. Case-Laws Central Excise Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83199