https://www.taxtmi.com/caselaws?id=92832 Modvat credit was discussed in the context of inputs cleared for export under bond, with the Tribunal noting that the classification and declarations treated the goods as excisable inputs and that the department had accepted the classification. The governing rules were read as containing no restriction that denied credit merely because the input itself was exported under bond. The Tribunal also relied on the Board's clarification that such credit could be utilised in the same manner as for a final product, and found no sufficient basis to disturb the appellate order. The departmental challenge therefore failed, and the assessee's entitlement to credit was sustained. en-us Fri, 26 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 13:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92832 Modvat credit was discussed in the context of inputs cleared for export under bond, with the Tribunal noting that the classification and declarations treated the goods as excisable inputs and that the department had accepted the classification. The governing rules were read as containing no restriction that denied credit merely because the input itself was exported under bond. The Tribunal also relied on the Board's clarification that such credit could be utilised in the same manner as for a final product, and found no sufficient basis to disturb the appellate order. The departmental challenge therefore failed, and the assessee's entitlement to credit was sustained. Case-Laws Central Excise Fri, 26 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92832