https://www.taxtmi.com/caselaws?id=104812 Modvat credit taken on capital goods under Rule 57Q could be utilised under Rule 57S(2) for payment of duty on final products, because the provisions did not restrict the credit to any particular form of specified duty or exclude additional excise duty. Notification No. 5/94, which dealt with inputs, did not curtail credit on capital goods. In the absence of an express prohibition, utilisation of such credit against additional excise duty was permissible, and the disallowance was unsustainable. en-us Thu, 04 Apr 2002 00:00:00 +0530 Thu, 01 Mar 2012 14:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104812 Modvat credit taken on capital goods under Rule 57Q could be utilised under Rule 57S(2) for payment of duty on final products, because the provisions did not restrict the credit to any particular form of specified duty or exclude additional excise duty. Notification No. 5/94, which dealt with inputs, did not curtail credit on capital goods. In the absence of an express prohibition, utilisation of such credit against additional excise duty was permissible, and the disallowance was unsustainable. Case-Laws Central Excise Thu, 04 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104812