https://www.taxtmi.com/caselaws?id=104237 Rule 57F(12) of the Central Excise Rules, 1944 permits credit of specified Additional Excise Duty validly taken on inputs to be used for payment of duty on final products. Under the post-1 March 1997 Modvat scheme, the provision does not require a strict one-to-one correlation between the input receiving credit and the final product on which duty is paid. Accordingly, unprocessed tyre cord fabric may be treated as an input for credit purposes even where the same goods are cleared for home consumption, provided the rule's conditions are met. The departmental objection based on simultaneous treatment as input and final product does not defeat valid credit utilisation. en-us Tue, 11 Jun 2002 00:00:00 +0530 Tue, 28 Feb 2012 13:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104237 Rule 57F(12) of the Central Excise Rules, 1944 permits credit of specified Additional Excise Duty validly taken on inputs to be used for payment of duty on final products. Under the post-1 March 1997 Modvat scheme, the provision does not require a strict one-to-one correlation between the input receiving credit and the final product on which duty is paid. Accordingly, unprocessed tyre cord fabric may be treated as an input for credit purposes even where the same goods are cleared for home consumption, provided the rule's conditions are met. The departmental objection based on simultaneous treatment as input and final product does not defeat valid credit utilisation. Case-Laws Central Excise Tue, 11 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104237