https://www.taxtmi.com/caselaws?id=96216 Imported asbestos fibre could not support proforma credit under Rule 56A because the statutory condition for credit was unmet. The Tribunal applied the principle that additional duty on imports is only a countervailing levy, sustainable only to the extent excise duty would be leviable on a like article if manufactured or produced in India. Since the fibre was not liable to excise duty on that basis, no valid additional duty basis arose for credit. The claim for proforma credit was therefore rejected, and the challenge to denial of credit failed. en-us Wed, 30 May 2001 00:00:00 +0530 Tue, 20 Dec 2011 11:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96216 Imported asbestos fibre could not support proforma credit under Rule 56A because the statutory condition for credit was unmet. The Tribunal applied the principle that additional duty on imports is only a countervailing levy, sustainable only to the extent excise duty would be leviable on a like article if manufactured or produced in India. Since the fibre was not liable to excise duty on that basis, no valid additional duty basis arose for credit. The claim for proforma credit was therefore rejected, and the challenge to denial of credit failed. Case-Laws Central Excise Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96216