https://www.taxtmi.com/caselaws?id=89441 Export-linked Modvat credit accumulated on inputs used in final products cleared under bond could be utilised for duty on similar goods cleared for home consumption, and any unutilised credit was treated on the basis recognised for export accumulation. The Tribunal read Rule 57F(3) broadly, holding that "similar" does not mean identical and that strict one-to-one correlation was unnecessary where the products answered the same description and tariff heading. Relying on the assessee's earlier case and the principle permitting cash refund of unutilised credit, it held the demand unsustainable and set aside the impugned order with consequential relief. en-us Fri, 13 Nov 1998 00:00:00 +0530 Tue, 27 Sep 2011 11:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89441 Export-linked Modvat credit accumulated on inputs used in final products cleared under bond could be utilised for duty on similar goods cleared for home consumption, and any unutilised credit was treated on the basis recognised for export accumulation. The Tribunal read Rule 57F(3) broadly, holding that "similar" does not mean identical and that strict one-to-one correlation was unnecessary where the products answered the same description and tariff heading. Relying on the assessee's earlier case and the principle permitting cash refund of unutilised credit, it held the demand unsustainable and set aside the impugned order with consequential relief. Case-Laws Central Excise Fri, 13 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89441