https://www.taxtmi.com/caselaws?id=92485 In a Modvat dispute involving duty-free inputs received under a DEEC customs exemption notification, the tribunal treated the Board's circular as a contemporaneous exposition of the scheme and accepted that there is no direct correlation between a particular input and the final product. It noted that duty-paid and duty-free inputs were used together in manufacture and that accumulated credit on duty-paid inputs could be utilised generally against duty on final products. On that prima facie basis, the demand did not justify insisting on pre-deposit, and the recovery claim appeared excessive to the extent it went beyond the proportionate duty-free input element. Waiver of pre-deposit and stay of recovery were granted. en-us Mon, 27 Sep 1999 00:00:00 +0530 Wed, 02 Nov 2011 10:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92485 In a Modvat dispute involving duty-free inputs received under a DEEC customs exemption notification, the tribunal treated the Board's circular as a contemporaneous exposition of the scheme and accepted that there is no direct correlation between a particular input and the final product. It noted that duty-paid and duty-free inputs were used together in manufacture and that accumulated credit on duty-paid inputs could be utilised generally against duty on final products. On that prima facie basis, the demand did not justify insisting on pre-deposit, and the recovery claim appeared excessive to the extent it went beyond the proportionate duty-free input element. Waiver of pre-deposit and stay of recovery were granted. Case-Laws Central Excise Mon, 27 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92485