https://www.taxtmi.com/caselaws?id=91624 Modvat credit on inputs attributable to final products that later became exempt from duty had to be reversed under Rule 57C. The Tribunal treated the exemption status of the final product from the effective date of exemption as decisive, and held that credit already taken on inputs in stock or used for such exempted goods could not be retained even if availed before the exemption began. The appeal was rejected, and the demand for reversal of credit was upheld. en-us Sat, 23 May 1998 00:00:00 +0530 Wed, 19 Oct 2011 16:53:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91624 Modvat credit on inputs attributable to final products that later became exempt from duty had to be reversed under Rule 57C. The Tribunal treated the exemption status of the final product from the effective date of exemption as decisive, and held that credit already taken on inputs in stock or used for such exempted goods could not be retained even if availed before the exemption began. The appeal was rejected, and the demand for reversal of credit was upheld. Case-Laws Central Excise Sat, 23 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91624