https://www.taxtmi.com/caselaws?id=85039 Under the MODVAT scheme, credit on specified inputs was admissible with reference to the duty shown in the duty paying documents, and the receiving authority could not restrict credit by reassessing the duty as actually payable under Notification No. 177/86-C.E. and Rule 57A. The scheme was treated as a self-contained code: if duty on inputs was short-paid or excess-paid, the remedy lay at the supplier's end through the statutory demand and refund machinery, with adjustment provided by Rule 57E. Accordingly, MODVAT credit was to be taken as reflected in the duty paying documents, and the restriction imposed by local excise authorities was not sustainable. en-us Tue, 06 Feb 1996 00:00:00 +0530 Tue, 02 Aug 2011 14:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85039 Under the MODVAT scheme, credit on specified inputs was admissible with reference to the duty shown in the duty paying documents, and the receiving authority could not restrict credit by reassessing the duty as actually payable under Notification No. 177/86-C.E. and Rule 57A. The scheme was treated as a self-contained code: if duty on inputs was short-paid or excess-paid, the remedy lay at the supplier's end through the statutory demand and refund machinery, with adjustment provided by Rule 57E. Accordingly, MODVAT credit was to be taken as reflected in the duty paying documents, and the restriction imposed by local excise authorities was not sustainable. Case-Laws Central Excise Tue, 06 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85039