https://www.taxtmi.com/caselaws?id=100236 Modvat credit on Residue Fuel Oil was not confined by Notification No. 14/97-CE (NT) to duty calculated at 10% ad valorem because the notification did not cover that input. In the absence of material showing that the duty actually paid on the input matched the lower rate relied on for restriction, there was no legal basis to curtail the credit. The restrictive amendment to the earlier notification therefore did not apply to Residue Fuel Oil, and full Modvat credit remained available to the assessee. en-us Thu, 09 Aug 2001 00:00:00 +0530 Tue, 31 Jan 2012 16:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100236 Modvat credit on Residue Fuel Oil was not confined by Notification No. 14/97-CE (NT) to duty calculated at 10% ad valorem because the notification did not cover that input. In the absence of material showing that the duty actually paid on the input matched the lower rate relied on for restriction, there was no legal basis to curtail the credit. The restrictive amendment to the earlier notification therefore did not apply to Residue Fuel Oil, and full Modvat credit remained available to the assessee. Case-Laws Central Excise Thu, 09 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100236