https://www.taxtmi.com/caselaws?id=84496 Where the final product remains dutiable and additional duty is later paid on inputs, the Modvat scheme permits consequential differential credit under Rule 57E. The later claim cannot be rejected merely because the inputs were cleared earlier or because the credit is taken in stages, as the adjustment reflects actual duty paid on inputs. Rule 57C applies only when the final product is wholly exempt or chargeable at nil rate, which was not the position here. The scheme also does not require rigid lot-wise correlation between a particular batch of inputs and the final product to defeat such credit. en-us Wed, 19 Apr 1995 00:00:00 +0530 Fri, 22 Jul 2011 12:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84496 Where the final product remains dutiable and additional duty is later paid on inputs, the Modvat scheme permits consequential differential credit under Rule 57E. The later claim cannot be rejected merely because the inputs were cleared earlier or because the credit is taken in stages, as the adjustment reflects actual duty paid on inputs. Rule 57C applies only when the final product is wholly exempt or chargeable at nil rate, which was not the position here. The scheme also does not require rigid lot-wise correlation between a particular batch of inputs and the final product to defeat such credit. Case-Laws Central Excise Wed, 19 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84496