https://www.taxtmi.com/caselaws?id=102573 An assessee may simultaneously claim exemption under Notification No. 175/86-C.E. for goods falling under one tariff heading and avail Modvat credit for goods falling under a different heading, because no express statutory prohibition bars that arrangement. The Tribunal rejected the view that simultaneous use of both benefits was impermissible merely because one assessee claimed exemption and credit under different headings. The arrangement was therefore held permissible on the facts considered, and the issue was decided in favour of the assessee. en-us Fri, 04 Dec 1998 00:00:00 +0530 Wed, 15 Feb 2012 13:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102573 An assessee may simultaneously claim exemption under Notification No. 175/86-C.E. for goods falling under one tariff heading and avail Modvat credit for goods falling under a different heading, because no express statutory prohibition bars that arrangement. The Tribunal rejected the view that simultaneous use of both benefits was impermissible merely because one assessee claimed exemption and credit under different headings. The arrangement was therefore held permissible on the facts considered, and the issue was decided in favour of the assessee. Case-Laws Central Excise Fri, 04 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102573