https://www.taxtmi.com/caselaws?id=83532 The ship-breaking credit restriction in proviso (3) of Notification No. 177/86-C.E. applied only to inputs from ships, boats and other floating structures manufactured in India. Because the material was shown to have come from foreign-origin ships and the department did not rebut that position, the restriction could not be extended to deny Modvat credit. Credit on duty actually paid and supported by gate passes was therefore admissible, and the penalty had no once the credit claim succeeded. en-us Wed, 20 Jul 1994 00:00:00 +0530 Thu, 14 Jul 2011 10:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83532 The ship-breaking credit restriction in proviso (3) of Notification No. 177/86-C.E. applied only to inputs from ships, boats and other floating structures manufactured in India. Because the material was shown to have come from foreign-origin ships and the department did not rebut that position, the restriction could not be extended to deny Modvat credit. Credit on duty actually paid and supported by gate passes was therefore admissible, and the penalty had no once the credit claim succeeded. Case-Laws Central Excise Wed, 20 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83532