https://www.taxtmi.com/caselaws?id=105360 Modvat credit on inputs used to manufacture goods cleared to a 100% export oriented unit could not be denied where those goods were themselves declared as final products under Rule 57G. The earlier Asian Paints decision was held inapplicable on the facts because the goods cleared to the export unit were not merely intermediate products. The proviso to Rule 57F(4) therefore continued to govern utilisation of the credit, and the assessee remained entitled to use it for duty on similar final products cleared for home consumption. Denial of credit on the stated ground was not justified. en-us Wed, 17 Oct 2001 00:00:00 +0530 Mon, 05 Mar 2012 14:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105360 Modvat credit on inputs used to manufacture goods cleared to a 100% export oriented unit could not be denied where those goods were themselves declared as final products under Rule 57G. The earlier Asian Paints decision was held inapplicable on the facts because the goods cleared to the export unit were not merely intermediate products. The proviso to Rule 57F(4) therefore continued to govern utilisation of the credit, and the assessee remained entitled to use it for duty on similar final products cleared for home consumption. Denial of credit on the stated ground was not justified. Case-Laws Central Excise Wed, 17 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105360