https://www.taxtmi.com/caselaws?id=113400 Modvat credit on duty-paid fabrics, including additional excise duty, was treated as allowable even though the goods were initially cleared without duty, duty was paid later on diversion to the domestic market, and the prescribed procedure was not strictly followed. The exemption claim failed because the inputs were not used in the factory in the manner required by the notification. On credit, the absence of a specific rule addressing delayed duty payment did not by itself defeat entitlement, and earlier precedent supporting credit in similar situations was applied. Credit was to be utilised in the prescribed manner for basic and additional excise duty respectively. en-us Mon, 15 Mar 2004 00:00:00 +0530 Sat, 05 May 2012 11:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113400 Modvat credit on duty-paid fabrics, including additional excise duty, was treated as allowable even though the goods were initially cleared without duty, duty was paid later on diversion to the domestic market, and the prescribed procedure was not strictly followed. The exemption claim failed because the inputs were not used in the factory in the manner required by the notification. On credit, the absence of a specific rule addressing delayed duty payment did not by itself defeat entitlement, and earlier precedent supporting credit in similar situations was applied. Credit was to be utilised in the prescribed manner for basic and additional excise duty respectively. Case-Laws Central Excise Mon, 15 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113400