https://www.taxtmi.com/caselaws?id=85819 Deemed Modvat credit was unavailable for iron and steel scrap purchased from the open market where the inputs were clearly recognisable as non-duty paid, because the governing order under the second proviso to Rule 57G restricted credit to inputs not so identifiable; the demand was therefore upheld on that point. Any amount already reversed in respect of inputs cleared on sale after permission could not be retained in the demand, subject to verification of the record, and limited relief was available to that extent. en-us Mon, 23 Sep 1996 00:00:00 +0530 Mon, 08 Aug 2011 13:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85819 Deemed Modvat credit was unavailable for iron and steel scrap purchased from the open market where the inputs were clearly recognisable as non-duty paid, because the governing order under the second proviso to Rule 57G restricted credit to inputs not so identifiable; the demand was therefore upheld on that point. Any amount already reversed in respect of inputs cleared on sale after permission could not be retained in the demand, subject to verification of the record, and limited relief was available to that extent. Case-Laws Central Excise Mon, 23 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85819