https://www.taxtmi.com/caselaws?id=93910 The Tribunal held that the assessee has the option not to avail exemption but pay duty to avail modvat credit under Rule 57G. The Tribunal found that the embargo under Rule 57C is not absolute and categorical, allowing flexibility for the assessee. The Tribunal set aside the impugned order, directing the case to be referred to the High Court for clarification on the assessee's option to take credit under the Modvat scheme and pay duty on exempt final products. The decision emphasizes the importance of legal interpretation and consistency in tax matters. en-us Tue, 04 Jul 2000 00:00:00 +0530 Thu, 17 Nov 2011 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93910 The Tribunal held that the assessee has the option not to avail exemption but pay duty to avail modvat credit under Rule 57G. The Tribunal found that the embargo under Rule 57C is not absolute and categorical, allowing flexibility for the assessee. The Tribunal set aside the impugned order, directing the case to be referred to the High Court for clarification on the assessee's option to take credit under the Modvat scheme and pay duty on exempt final products. The decision emphasizes the importance of legal interpretation and consistency in tax matters. Case-Laws Central Excise Tue, 04 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93910