https://www.taxtmi.com/caselaws?id=87210 Exemption under Notification No. 1/93 was treated as an option for the assessee because it was linked to the SSI unit and not to the goods as such. On that basis, Rule 57C did not bar Modvat credit where duty was paid on the final product, and the assessee could elect to forgo the exemption and claim input credit. The Tribunal distinguished cases involving goods that were wholly exempt from duty, and held that the contrary High Court ruling was inapplicable on its facts. The credit claim was therefore legally sustainable. en-us Tue, 22 Jul 1997 00:00:00 +0530 Sat, 03 Sep 2011 14:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87210 Exemption under Notification No. 1/93 was treated as an option for the assessee because it was linked to the SSI unit and not to the goods as such. On that basis, Rule 57C did not bar Modvat credit where duty was paid on the final product, and the assessee could elect to forgo the exemption and claim input credit. The Tribunal distinguished cases involving goods that were wholly exempt from duty, and held that the contrary High Court ruling was inapplicable on its facts. The credit claim was therefore legally sustainable. Case-Laws Central Excise Tue, 22 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87210