https://www.taxtmi.com/caselaws?id=109912 Proforma credit/Modvat credit on duty-paid cotton yarn was treated as admissible where the inputs were moved under Rule 96E for further processing, duly re-warehoused, and accounted for under the warehousing scheme. The analysis noted that once the goods were received and the final product was cleared on payment of duty under the applicable warehousing provisions, the intermediate movement did not by itself deny credit. In the absence of any express prohibition in the relevant rules, credit on the duty-paid input could not be refused. en-us Thu, 17 Jul 2003 00:00:00 +0530 Thu, 12 Apr 2012 17:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109912 Proforma credit/Modvat credit on duty-paid cotton yarn was treated as admissible where the inputs were moved under Rule 96E for further processing, duly re-warehoused, and accounted for under the warehousing scheme. The analysis noted that once the goods were received and the final product was cleared on payment of duty under the applicable warehousing provisions, the intermediate movement did not by itself deny credit. In the absence of any express prohibition in the relevant rules, credit on the duty-paid input could not be refused. Case-Laws Central Excise Thu, 17 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109912