https://www.taxtmi.com/caselaws?id=94100 Rule 57C was examined in the context of Modvat credit on inputs used in intermediate products removed between factories under Notification 217/86, as amended by Notification 97/89, and the Tribunal noted the issue whether credit can be denied merely because the removals followed Chapter X procedure where duty is ultimately paid on the finished product. The Tribunal also identified a tension between strict application of Rule 57C and the Modvat-based scheme reflected in the notifications, including whether the notification framework should prevail over a literal reading of the rule. It further considered whether the larger-bench ratio in Kirloskar Oil Engines under Notification 217/85 could be applied by analogy. All three questions were referred to the High Court for authoritative determination. en-us Mon, 25 Sep 2000 00:00:00 +0530 Sat, 19 Nov 2011 11:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94100 Rule 57C was examined in the context of Modvat credit on inputs used in intermediate products removed between factories under Notification 217/86, as amended by Notification 97/89, and the Tribunal noted the issue whether credit can be denied merely because the removals followed Chapter X procedure where duty is ultimately paid on the finished product. The Tribunal also identified a tension between strict application of Rule 57C and the Modvat-based scheme reflected in the notifications, including whether the notification framework should prevail over a literal reading of the rule. It further considered whether the larger-bench ratio in Kirloskar Oil Engines under Notification 217/85 could be applied by analogy. All three questions were referred to the High Court for authoritative determination. Case-Laws Central Excise Mon, 25 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94100