https://www.taxtmi.com/caselaws?id=84066 Goods cleared under bond for export were treated as distinct from exempted goods or goods chargeable at nil rate, so Rule 57C did not bar Modvat credit on inputs used in their manufacture. Reading Rules 57A to 57J as a complete scheme, the proviso to Rule 57F(3) was applied to permit utilisation of such credit for similar final products cleared for home consumption. The departmental reliance on Rule 57C and Section 37(2) of the Central Excise Act was rejected. The credit disallowed by the authorities was therefore restored, and the demand for reversal of Modvat credit was held unsustainable. en-us Thu, 01 Dec 1994 00:00:00 +0530 Tue, 19 Jul 2011 15:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84066 Goods cleared under bond for export were treated as distinct from exempted goods or goods chargeable at nil rate, so Rule 57C did not bar Modvat credit on inputs used in their manufacture. Reading Rules 57A to 57J as a complete scheme, the proviso to Rule 57F(3) was applied to permit utilisation of such credit for similar final products cleared for home consumption. The departmental reliance on Rule 57C and Section 37(2) of the Central Excise Act was rejected. The credit disallowed by the authorities was therefore restored, and the demand for reversal of Modvat credit was held unsustainable. Case-Laws Central Excise Thu, 01 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84066