https://www.taxtmi.com/caselaws?id=92911 Modvat credit on L. naphthylamine is restricted to the duty legally payable and actually paid on the input after applying the relevant exemption notifications. Where an exemption reduces the duty payable on the final product below the duty otherwise attributable to the input used in manufacture, credit is available only up to the limited duty amount recognised under that exemption structure. Any credit exceeding the duty so payable and available does not represent eligible duty-paid credit and is inadmissible. en-us Wed, 13 Jan 1999 00:00:00 +0530 Sat, 05 Nov 2011 18:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92911 Modvat credit on L. naphthylamine is restricted to the duty legally payable and actually paid on the input after applying the relevant exemption notifications. Where an exemption reduces the duty payable on the final product below the duty otherwise attributable to the input used in manufacture, credit is available only up to the limited duty amount recognised under that exemption structure. Any credit exceeding the duty so payable and available does not represent eligible duty-paid credit and is inadmissible. Case-Laws Central Excise Wed, 13 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92911