https://www.taxtmi.com/caselaws?id=89242 Modvat credit on ammonia used to manufacture nitric acid could not be denied merely because the intermediate nitric acid was assessed at nil rate of duty. Rule 57D was read narrowly by the denial, but the Tribunal noted that the rule was later amended to expressly include intermediate goods chargeable to nil duty and relied on the Larger Bench view that nil-rated goods are treated as goods on which no duty is actually charged. On that construction, the stated ground for refusing credit was not sustainable and the impugned order was set aside. en-us Wed, 31 Dec 1997 00:00:00 +0530 Sat, 24 Sep 2011 12:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89242 Modvat credit on ammonia used to manufacture nitric acid could not be denied merely because the intermediate nitric acid was assessed at nil rate of duty. Rule 57D was read narrowly by the denial, but the Tribunal noted that the rule was later amended to expressly include intermediate goods chargeable to nil duty and relied on the Larger Bench view that nil-rated goods are treated as goods on which no duty is actually charged. On that construction, the stated ground for refusing credit was not sustainable and the impugned order was set aside. Case-Laws Central Excise Wed, 31 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89242