https://www.taxtmi.com/caselaws?id=105132 Modvat credit on countervailing duty paid on imported steel sheets used as inputs was admissible where the sheets were consumed in manufacture of body panels and the resulting waste and scrap were cleared on payment of duty. The fact that the imported goods were duty paid through ex-bond clearance after the manufacturing activity, or that duty was discharged in stages rather than in one payment, did not alter the position that duty had been paid on the inputs used. On these facts, denial of Modvat credit was unjustified and the credit was correctly allowed. en-us Mon, 05 Jun 2000 00:00:00 +0530 Fri, 02 Mar 2012 16:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105132 Modvat credit on countervailing duty paid on imported steel sheets used as inputs was admissible where the sheets were consumed in manufacture of body panels and the resulting waste and scrap were cleared on payment of duty. The fact that the imported goods were duty paid through ex-bond clearance after the manufacturing activity, or that duty was discharged in stages rather than in one payment, did not alter the position that duty had been paid on the inputs used. On these facts, denial of Modvat credit was unjustified and the credit was correctly allowed. Case-Laws Central Excise Mon, 05 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105132