https://www.taxtmi.com/caselaws?id=87421 Rule 57F(4) allows Modvat credit on inputs used in exported final products to be adjusted against duty on similar goods cleared for home consumption, and the term "similar" is applied broadly as a beneficial construction rather than a narrow identity test. On that approach, passenger cars and LCV/HCVs are treated as similar final products because both are motor vehicles in Chapter 87, despite different design or tariff classification. Where the credit adjustment is admissible and no mala fides are shown, the penal action does not survive and the penalty is set aside. en-us Wed, 15 Oct 1997 00:00:00 +0530 Mon, 05 Sep 2011 18:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87421 Rule 57F(4) allows Modvat credit on inputs used in exported final products to be adjusted against duty on similar goods cleared for home consumption, and the term "similar" is applied broadly as a beneficial construction rather than a narrow identity test. On that approach, passenger cars and LCV/HCVs are treated as similar final products because both are motor vehicles in Chapter 87, despite different design or tariff classification. Where the credit adjustment is admissible and no mala fides are shown, the penal action does not survive and the penalty is set aside. Case-Laws Central Excise Wed, 15 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87421