https://www.taxtmi.com/caselaws?id=90189 Higher notional Modvat credit was unavailable on bulk drugs received from small scale units because Rule 57B operated subject to Notification No. 175/86. The notification capped credit at the lesser of the concessional duty plus 5% ad valorem or the duty otherwise applicable to the inputs. As the bulk drugs were already subject to the applicable duty rate, the claimed credit would exceed the permitted ceiling and was therefore inadmissible. The claim was rejected. en-us Wed, 23 Sep 1998 00:00:00 +0530 Tue, 04 Oct 2011 12:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90189 Higher notional Modvat credit was unavailable on bulk drugs received from small scale units because Rule 57B operated subject to Notification No. 175/86. The notification capped credit at the lesser of the concessional duty plus 5% ad valorem or the duty otherwise applicable to the inputs. As the bulk drugs were already subject to the applicable duty rate, the claimed credit would exceed the permitted ceiling and was therefore inadmissible. The claim was rejected. Case-Laws Central Excise Wed, 23 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90189