https://www.taxtmi.com/caselaws?id=86459 Modvat credit on inputs used to manufacture pine oil cleared under an exemption notification was barred under Rule 57C because the final product stood exempt from the whole of excise duty. Clearance under Chapter X procedure did not change that result, and the distinction between remission and exemption did not assist the assessee. In the absence of evidence that duty had actually been paid on the pine oil, the inputs used in those exempt clearances could not qualify for credit. The denial of Modvat credit was therefore upheld against the assessee. en-us Mon, 25 Mar 1996 00:00:00 +0530 Wed, 24 Aug 2011 18:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86459 Modvat credit on inputs used to manufacture pine oil cleared under an exemption notification was barred under Rule 57C because the final product stood exempt from the whole of excise duty. Clearance under Chapter X procedure did not change that result, and the distinction between remission and exemption did not assist the assessee. In the absence of evidence that duty had actually been paid on the pine oil, the inputs used in those exempt clearances could not qualify for credit. The denial of Modvat credit was therefore upheld against the assessee. Case-Laws Central Excise Mon, 25 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86459