https://www.taxtmi.com/caselaws?id=111515 Returned goods re-imported after rejection by an overseas buyer and on which countervailing duty had been paid could qualify as inputs under the Modvat scheme when used after reprocessing in manufacture. Credit was admissible because the goods had ceased to be final products, the prescribed documentary conditions were met, and no mala fides were shown. The fact that the re-imported goods and the processed product were described similarly did not, by itself, justify denial of credit. Modvat credit on the re-imported returned goods was therefore upheld. en-us Fri, 12 Mar 2004 00:00:00 +0530 Mon, 23 Apr 2012 17:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111515 Returned goods re-imported after rejection by an overseas buyer and on which countervailing duty had been paid could qualify as inputs under the Modvat scheme when used after reprocessing in manufacture. Credit was admissible because the goods had ceased to be final products, the prescribed documentary conditions were met, and no mala fides were shown. The fact that the re-imported goods and the processed product were described similarly did not, by itself, justify denial of credit. Modvat credit on the re-imported returned goods was therefore upheld. Case-Laws Central Excise Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111515