https://www.taxtmi.com/caselaws?id=92252 Modvat credit on paper used to manufacture computer stationery was governed by Notification No. 177/86 as amended by Notification No. 149/87, which restricted credit on paper and paper board to Rs. 800 per ton in the specified circumstances. The earlier question whether the final product was exempt under Notification No. 43/86 did not make the credit cap irrelevant, because no prior determination showed that credit was unavailable altogether. In the absence of such a finding, the credit had to be regulated under the applicable notification. The higher credit allowed by the appellate authority was therefore not justified, and the original order limiting credit was restored. en-us Mon, 20 Sep 1999 00:00:00 +0530 Mon, 31 Oct 2011 13:05:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92252 Modvat credit on paper used to manufacture computer stationery was governed by Notification No. 177/86 as amended by Notification No. 149/87, which restricted credit on paper and paper board to Rs. 800 per ton in the specified circumstances. The earlier question whether the final product was exempt under Notification No. 43/86 did not make the credit cap irrelevant, because no prior determination showed that credit was unavailable altogether. In the absence of such a finding, the credit had to be regulated under the applicable notification. The higher credit allowed by the appellate authority was therefore not justified, and the original order limiting credit was restored. Case-Laws Central Excise Mon, 20 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92252