https://www.taxtmi.com/caselaws?id=92912 Modvat credit on scrap obtained by breaking up imported ships, boats and floating structures was held admissible at the higher rate, because Notification No. 177/86 applied only to similar goods manufactured in India and did not govern imported vessels. The Tribunal followed earlier decisions on the same issue and accepted that the materials in question arose from breaking up imported structures. On that basis, the restriction to the lower rate was inapplicable, and the order allowing credit at Rs. 600 PMT was sustained. en-us Fri, 22 Jan 1999 00:00:00 +0530 Sat, 05 Nov 2011 18:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92912 Modvat credit on scrap obtained by breaking up imported ships, boats and floating structures was held admissible at the higher rate, because Notification No. 177/86 applied only to similar goods manufactured in India and did not govern imported vessels. The Tribunal followed earlier decisions on the same issue and accepted that the materials in question arose from breaking up imported structures. On that basis, the restriction to the lower rate was inapplicable, and the order allowing credit at Rs. 600 PMT was sustained. Case-Laws Central Excise Fri, 22 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92912