https://www.taxtmi.com/caselaws?id=85378 An assessee eligible for a small-scale exemption notification was not compelled to clear goods at nil duty and could instead opt to pay duty at the normal rate and claim Modvat credit on duty-paid inputs, where otherwise admissible. For specified goods covered by Rule 57A, payment of duty on the final product preserved entitlement to take and utilise Modvat credit. The Rules did not provide for lapse of credit standing in the Modvat account, and such credit remained available for utilisation under Rule 57F. The disallowance of credit was therefore unsustainable. en-us Thu, 04 Jul 1996 00:00:00 +0530 Thu, 04 Aug 2011 16:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85378 An assessee eligible for a small-scale exemption notification was not compelled to clear goods at nil duty and could instead opt to pay duty at the normal rate and claim Modvat credit on duty-paid inputs, where otherwise admissible. For specified goods covered by Rule 57A, payment of duty on the final product preserved entitlement to take and utilise Modvat credit. The Rules did not provide for lapse of credit standing in the Modvat account, and such credit remained available for utilisation under Rule 57F. The disallowance of credit was therefore unsustainable. Case-Laws Central Excise Thu, 04 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85378