https://www.taxtmi.com/caselaws?id=104658 Deemed Modvat credit under Notification No. 58/97 could not be denied merely because only interest, and not duty, remained unpaid. The notification required payment of duty for availing deemed credit and did not make clearance of interest a condition precedent. Since the outstanding amount was interest and duty had been paid, disallowance of the credit was not legally sustainable. The impugned order was set aside and the appeals were allowed. en-us Tue, 27 Nov 2001 00:00:00 +0530 Wed, 29 Feb 2012 18:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104658 Deemed Modvat credit under Notification No. 58/97 could not be denied merely because only interest, and not duty, remained unpaid. The notification required payment of duty for availing deemed credit and did not make clearance of interest a condition precedent. Since the outstanding amount was interest and duty had been paid, disallowance of the credit was not legally sustainable. The impugned order was set aside and the appeals were allowed. Case-Laws Central Excise Tue, 27 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104658