https://www.taxtmi.com/caselaws?id=89980 Notification No. 225/86 did not impose any express or implied requirement that credit linked to a particular lot of duty-paid inputs be used only for final products manufactured from that same lot. The absence of one-to-one correlation between inputs and finished goods therefore did not defeat utilisation of accumulated credit. Goods cleared for export under bond were also neither exempted goods nor goods chargeable at nil rate, so credit attributable to inputs used in their manufacture could not be denied for use against the final product. The assessee was thus entitled to utilise the entire accumulated credit for payment of duty on the final product. en-us Mon, 15 Feb 1999 00:00:00 +0530 Sat, 01 Oct 2011 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89980 Notification No. 225/86 did not impose any express or implied requirement that credit linked to a particular lot of duty-paid inputs be used only for final products manufactured from that same lot. The absence of one-to-one correlation between inputs and finished goods therefore did not defeat utilisation of accumulated credit. Goods cleared for export under bond were also neither exempted goods nor goods chargeable at nil rate, so credit attributable to inputs used in their manufacture could not be denied for use against the final product. The assessee was thus entitled to utilise the entire accumulated credit for payment of duty on the final product. Case-Laws Central Excise Mon, 15 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89980