https://www.taxtmi.com/caselaws?id=92006 Rule 57F(1) deems inputs cleared as such, with permission, to be treated as if manufactured in the receiving factory, so the duty payable on removal is the appropriate excise duty applicable at that time, not merely reversal of the credit originally taken under Rule 57A, subject only to the minimum floor of that credit. The narrower view was rejected. The penalty was also set aside for want of an independent basis to sustain it. en-us Fri, 03 Oct 1997 00:00:00 +0530 Sat, 22 Oct 2011 14:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92006 Rule 57F(1) deems inputs cleared as such, with permission, to be treated as if manufactured in the receiving factory, so the duty payable on removal is the appropriate excise duty applicable at that time, not merely reversal of the credit originally taken under Rule 57A, subject only to the minimum floor of that credit. The narrower view was rejected. The penalty was also set aside for want of an independent basis to sustain it. Case-Laws Central Excise Fri, 03 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92006