https://www.taxtmi.com/caselaws?id=84246 MODVAT credit was confined to inputs notified under Rule 57A, and duty paid on an intermediate product did not by itself create entitlement to credit. Reading Rule 57D(2) with its proviso alongside Rules 57A and 57C, the tribunal held that the benefit for intermediate products operated only within the notified-input framework and subject to the express statutory conditions. Because the nylon filament yarn used as the intermediate product was not a notified input, credit was not admissible. Earlier rulings in Vam Organic Chemicals and Polychem Ltd. were distinguished on the footing that the relevant proviso had not then been in force or was otherwise inapposite. en-us Fri, 10 Feb 1995 00:00:00 +0530 Wed, 20 Jul 2011 16:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84246 MODVAT credit was confined to inputs notified under Rule 57A, and duty paid on an intermediate product did not by itself create entitlement to credit. Reading Rule 57D(2) with its proviso alongside Rules 57A and 57C, the tribunal held that the benefit for intermediate products operated only within the notified-input framework and subject to the express statutory conditions. Because the nylon filament yarn used as the intermediate product was not a notified input, credit was not admissible. Earlier rulings in Vam Organic Chemicals and Polychem Ltd. were distinguished on the footing that the relevant proviso had not then been in force or was otherwise inapposite. Case-Laws Central Excise Fri, 10 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84246