https://www.taxtmi.com/caselaws?id=90841 Modvat credit on beta naphthol was confined to the duty actually payable and paid on the input. Where the input had already obtained set-off under Notification No. 432/86, only the reduced duty element remained available for credit under Rule 57A read with Notification No. 177/86. Credit taken on the exempted portion could not be treated as credit of duty paid on inputs and was therefore inadmissible. The Tribunal accordingly upheld denial of Modvat credit. en-us Fri, 22 Jan 1999 00:00:00 +0530 Tue, 11 Oct 2011 18:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90841 Modvat credit on beta naphthol was confined to the duty actually payable and paid on the input. Where the input had already obtained set-off under Notification No. 432/86, only the reduced duty element remained available for credit under Rule 57A read with Notification No. 177/86. Credit taken on the exempted portion could not be treated as credit of duty paid on inputs and was therefore inadmissible. The Tribunal accordingly upheld denial of Modvat credit. Case-Laws Central Excise Fri, 22 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90841