https://www.taxtmi.com/caselaws?id=95986 Modvat credit on cotton waste received from a 100% Export Oriented Undertaking was held inadmissible because the additional duty leviable under Section 3 of the Customs Tariff Act, 1975 had not been paid. The proviso to Notification No. 5/94-C.E. limited credit to the extent of such additional duty, and that condition was not satisfied on the facts. The principle applied was that exemption or credit benefits can be claimed only when every notification condition is fully met. Credit was therefore disallowed in law. en-us Wed, 21 Mar 2001 00:00:00 +0530 Fri, 16 Dec 2011 14:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95986 Modvat credit on cotton waste received from a 100% Export Oriented Undertaking was held inadmissible because the additional duty leviable under Section 3 of the Customs Tariff Act, 1975 had not been paid. The proviso to Notification No. 5/94-C.E. limited credit to the extent of such additional duty, and that condition was not satisfied on the facts. The principle applied was that exemption or credit benefits can be claimed only when every notification condition is fully met. Credit was therefore disallowed in law. Case-Laws Central Excise Wed, 21 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95986