https://www.taxtmi.com/caselaws?id=100673 Exemption under entry 37 of Notification No. 14/92 depended on whether the finished goods were manufactured from inputs on which Modvat credit had not been availed, not merely on the date of removal. Where the appellant had begun taking Modvat credit only from 22-10-1993, and the relevant stock was shown to have been made from inputs on which credit had not been taken, the goods remained eligible for exemption. Objection based on the date of clearance was unsustainable, and the alleged failure to maintain separate accounts under the trade notice was also rejected because the appellant was not claiming simultaneous benefit of entries 37 and 38. en-us Fri, 05 Oct 2001 00:00:00 +0530 Fri, 03 Feb 2012 18:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100673 Exemption under entry 37 of Notification No. 14/92 depended on whether the finished goods were manufactured from inputs on which Modvat credit had not been availed, not merely on the date of removal. Where the appellant had begun taking Modvat credit only from 22-10-1993, and the relevant stock was shown to have been made from inputs on which credit had not been taken, the goods remained eligible for exemption. Objection based on the date of clearance was unsustainable, and the alleged failure to maintain separate accounts under the trade notice was also rejected because the appellant was not claiming simultaneous benefit of entries 37 and 38. Case-Laws Central Excise Fri, 05 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100673