https://www.taxtmi.com/caselaws?id=96040 Additional duty of customs paid on imported components and raw materials classifiable under Heading 98.01 was held to fall outside the 75% restriction in Rule 57Q(3) because that limitation applies only to capital goods credit under Rule 57Q. Credit on such inputs remained admissible under Rule 57A, and Rule 57B(2) excluded capital goods only from the Rule 57A or Rule 57B credit scheme. On that basis, the disallowance of credit and the penalty were unsustainable, and the Board circular was treated as correctly reflecting the position. en-us Sat, 04 Nov 2000 00:00:00 +0530 Fri, 16 Dec 2011 17:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96040 Additional duty of customs paid on imported components and raw materials classifiable under Heading 98.01 was held to fall outside the 75% restriction in Rule 57Q(3) because that limitation applies only to capital goods credit under Rule 57Q. Credit on such inputs remained admissible under Rule 57A, and Rule 57B(2) excluded capital goods only from the Rule 57A or Rule 57B credit scheme. On that basis, the disallowance of credit and the penalty were unsustainable, and the Board circular was treated as correctly reflecting the position. Case-Laws Central Excise Sat, 04 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96040