https://www.taxtmi.com/caselaws?id=97750 Modvat credit on inputs used to manufacture dutiable final products was not hit by Rule 57C merely because the goods moved under Chapter X without payment of duty for export-linked clearance under bond. The goods were not treated as exempted or nil-rate goods, and the in-bond clearance was only a procedural mode. As the final products remained dutiable, the inputs were not disqualified from credit. Reliance on Kirloskar Oil Engines Ltd. was misplaced because it did not address the same Chapter X and export-under-bond factual setting. Reversal or recovery of Modvat credit was therefore not warranted. en-us Tue, 20 Feb 2001 00:00:00 +0530 Tue, 17 Jan 2012 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97750 Modvat credit on inputs used to manufacture dutiable final products was not hit by Rule 57C merely because the goods moved under Chapter X without payment of duty for export-linked clearance under bond. The goods were not treated as exempted or nil-rate goods, and the in-bond clearance was only a procedural mode. As the final products remained dutiable, the inputs were not disqualified from credit. Reliance on Kirloskar Oil Engines Ltd. was misplaced because it did not address the same Chapter X and export-under-bond factual setting. Reversal or recovery of Modvat credit was therefore not warranted. Case-Laws Central Excise Tue, 20 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97750