https://www.taxtmi.com/caselaws?id=87581 Modvat credit under Rule 57H was available for inputs lying in stock on or before 1-3-1994 only if they were duty paid and used in manufacture of final products cleared after that date. The Commissioner (Appeals) had allowed credit on ferrous waste and scrap without examining whether the goods met the duty-paid requirement, which was central to admissibility. Because that statutory condition was not considered, the allowance of credit could not be sustained and the matter was remanded for fresh adjudication after hearing the parties. en-us Fri, 17 Oct 1997 00:00:00 +0530 Tue, 06 Sep 2011 18:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87581 Modvat credit under Rule 57H was available for inputs lying in stock on or before 1-3-1994 only if they were duty paid and used in manufacture of final products cleared after that date. The Commissioner (Appeals) had allowed credit on ferrous waste and scrap without examining whether the goods met the duty-paid requirement, which was central to admissibility. Because that statutory condition was not considered, the allowance of credit could not be sustained and the matter was remanded for fresh adjudication after hearing the parties. Case-Laws Central Excise Fri, 17 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87581