https://www.taxtmi.com/caselaws?id=86011 Deemed Modvat credit was unavailable where iron and steel inputs were purchased from the open market but were covered by an exemption notification and lacked prescribed duty-paying documents. Rule 57G(2) required receipt of inputs under documents evidencing payment of duty, and the deemed credit order itself excluded inputs recognisable as non-duty paid or charged to nil rate of duty. Since the goods fell under Notification No. 208/83-C.E., their exempt character remained unchanged by market purchase, and the larger Bench ruling on the same notification supported the exception. Deemed credit was therefore not admissible, and the Revenue succeeded. en-us Fri, 27 Sep 1996 00:00:00 +0530 Tue, 09 Aug 2011 16:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86011 Deemed Modvat credit was unavailable where iron and steel inputs were purchased from the open market but were covered by an exemption notification and lacked prescribed duty-paying documents. Rule 57G(2) required receipt of inputs under documents evidencing payment of duty, and the deemed credit order itself excluded inputs recognisable as non-duty paid or charged to nil rate of duty. Since the goods fell under Notification No. 208/83-C.E., their exempt character remained unchanged by market purchase, and the larger Bench ruling on the same notification supported the exception. Deemed credit was therefore not admissible, and the Revenue succeeded. Case-Laws Central Excise Fri, 27 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86011