https://www.taxtmi.com/caselaws?id=112943 Deemed credit was unavailable beyond the actual duty paid on inputs where the supplier cleared goods under Notification No. 50/97-C.E. at the specified rate. The recipient could not claim 12% credit of invoice value when the invoices evidenced duty payment at 300 per MT, because the credit mechanism under Notification No. 58/97-C.E. did not permit credit exceeding the duty borne by the inputs. The absence of evidence that the supplier paid duty under the compounded levy scheme under Section 3A of the Central Excise Act was material, and the higher deemed credit claim was rejected. en-us Fri, 12 Mar 2004 00:00:00 +0530 Wed, 02 May 2012 17:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112943 Deemed credit was unavailable beyond the actual duty paid on inputs where the supplier cleared goods under Notification No. 50/97-C.E. at the specified rate. The recipient could not claim 12% credit of invoice value when the invoices evidenced duty payment at 300 per MT, because the credit mechanism under Notification No. 58/97-C.E. did not permit credit exceeding the duty borne by the inputs. The absence of evidence that the supplier paid duty under the compounded levy scheme under Section 3A of the Central Excise Act was material, and the higher deemed credit claim was rejected. Case-Laws Central Excise Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112943