https://www.taxtmi.com/caselaws?id=113767 Modvat credit and the related duty demand could not be sustained where the assessee's records showed that exempted final products were made from inputs on which no credit had been taken and separate accounts were maintained. The evidence did not establish that the credit availed on the relevant dates related to the inputs used for the duty-free goods, and the claim was not effectively rebutted. On that basis, denial of credit was unjustified and the demand and penalty were set aside. en-us Mon, 01 Dec 2003 00:00:00 +0530 Tue, 08 May 2012 13:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113767 Modvat credit and the related duty demand could not be sustained where the assessee's records showed that exempted final products were made from inputs on which no credit had been taken and separate accounts were maintained. The evidence did not establish that the credit availed on the relevant dates related to the inputs used for the duty-free goods, and the claim was not effectively rebutted. On that basis, denial of credit was unjustified and the demand and penalty were set aside. Case-Laws Central Excise Mon, 01 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113767