https://www.taxtmi.com/caselaws?id=90506 Modvat credit under Rule 57A is determined by the excise duty actually paid on inputs and evidenced by duty-paying documents, rather than by a concessional or notional effective duty rate that might otherwise have applied. Where inputs are cleared on payment of duty and used in or in relation to manufacture of final products, credit corresponds to that paid duty. Restricting credit by substituting the effective rate for the duty reflected in the supporting documents is inconsistent with the scheme, which links entitlement to actual payment of excise duty. en-us Tue, 23 Jun 1998 00:00:00 +0530 Fri, 07 Oct 2011 18:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90506 Modvat credit under Rule 57A is determined by the excise duty actually paid on inputs and evidenced by duty-paying documents, rather than by a concessional or notional effective duty rate that might otherwise have applied. Where inputs are cleared on payment of duty and used in or in relation to manufacture of final products, credit corresponds to that paid duty. Restricting credit by substituting the effective rate for the duty reflected in the supporting documents is inconsistent with the scheme, which links entitlement to actual payment of excise duty. Case-Laws Central Excise Tue, 23 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90506