https://www.taxtmi.com/caselaws?id=97981 Deemed Modvat credit could not be denied to a buyer of inputs merely because the manufacturers had not paid interest on delayed duty, where the excise duty on the inputs had in fact been paid. The notification required payment of appropriate duty on the inputs, and that condition was satisfied. Interest on delayed duty was not treated as part of the duty itself, so a manufacturer's failure to discharge interest liability could not be visited on the buyer. Any recoverable interest claim lay against the manufacturers, and denial of credit to the assessee was unsustainable. en-us Mon, 30 Jul 2001 00:00:00 +0530 Wed, 18 Jan 2012 17:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97981 Deemed Modvat credit could not be denied to a buyer of inputs merely because the manufacturers had not paid interest on delayed duty, where the excise duty on the inputs had in fact been paid. The notification required payment of appropriate duty on the inputs, and that condition was satisfied. Interest on delayed duty was not treated as part of the duty itself, so a manufacturer's failure to discharge interest liability could not be visited on the buyer. Any recoverable interest claim lay against the manufacturers, and denial of credit to the assessee was unsustainable. Case-Laws Central Excise Mon, 30 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97981