https://www.taxtmi.com/caselaws?id=90248 A small scale unit availing full exemption under Notification No. 75/87 could not claim Modvat credit on inputs used for clearances within the exempted limit. Once the assessee opted for the exemption, its conditions applied in full, and no duty liability arose at that stage. The cited Modvat principle was distinguishable because it applied where exemption was not chosen, not where the assessee had elected to operate under the exemption. Credit could arise only for clearances beyond the exempted threshold where duty was otherwise payable. en-us Mon, 04 Jan 1999 00:00:00 +0530 Tue, 04 Oct 2011 16:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90248 A small scale unit availing full exemption under Notification No. 75/87 could not claim Modvat credit on inputs used for clearances within the exempted limit. Once the assessee opted for the exemption, its conditions applied in full, and no duty liability arose at that stage. The cited Modvat principle was distinguishable because it applied where exemption was not chosen, not where the assessee had elected to operate under the exemption. Credit could arise only for clearances beyond the exempted threshold where duty was otherwise payable. Case-Laws Central Excise Mon, 04 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90248