https://www.taxtmi.com/caselaws?id=98026 Rule 57G permitted deemed Modvat credit on specified steel inputs where the goods were not clearly recognisable as non-duty paid. The Government order dated 7-4-1986 allowed such credit for steel and articles thereof, and the later amendment dated 29-8-1986 operated prospectively. On the invoices, the goods were described as M.S. turning and boring scrap and were treated as steel scrap. An exemption notification that did not cover the relevant steel scrap could not be used to deny the credit. The material was therefore not clearly recognisable as non-duty paid, and deemed credit remained available. en-us Wed, 26 Mar 1997 00:00:00 +0530 Wed, 18 Jan 2012 18:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98026 Rule 57G permitted deemed Modvat credit on specified steel inputs where the goods were not clearly recognisable as non-duty paid. The Government order dated 7-4-1986 allowed such credit for steel and articles thereof, and the later amendment dated 29-8-1986 operated prospectively. On the invoices, the goods were described as M.S. turning and boring scrap and were treated as steel scrap. An exemption notification that did not cover the relevant steel scrap could not be used to deny the credit. The material was therefore not clearly recognisable as non-duty paid, and deemed credit remained available. Case-Laws Central Excise Wed, 26 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98026