https://www.taxtmi.com/caselaws?id=85250 Under pre-amendment Rule 57F(1)(ii) of the Central Excise Rules, inputs removed as such from the factory were chargeable to excise duty at the rate in force on the date of clearance, as if they had been manufactured in the factory. The proviso only ensured that the duty paid would not be less than the Modvat credit allowed under Rule 57A. The later insertion of Rule 57F(1A) by Notification No. 4/92-C.E. clarified a separate treatment for restricted-credit inputs and indicated that the earlier rule did not limit duty to the amount of credit originally taken. On that basis, duty was payable at the clearance-rate rather than the original credit amount. en-us Tue, 31 May 1994 00:00:00 +0530 Wed, 03 Aug 2011 16:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85250 Under pre-amendment Rule 57F(1)(ii) of the Central Excise Rules, inputs removed as such from the factory were chargeable to excise duty at the rate in force on the date of clearance, as if they had been manufactured in the factory. The proviso only ensured that the duty paid would not be less than the Modvat credit allowed under Rule 57A. The later insertion of Rule 57F(1A) by Notification No. 4/92-C.E. clarified a separate treatment for restricted-credit inputs and indicated that the earlier rule did not limit duty to the amount of credit originally taken. On that basis, duty was payable at the clearance-rate rather than the original credit amount. Case-Laws Central Excise Tue, 31 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85250