https://www.taxtmi.com/caselaws?id=114161 Reversal of Modvat credit in the RG 23 account before removal of the exempted final product was treated as satisfying the condition in Notification No. 208/83-C.E. that no input credit under Rule 56A or Rule 57A had been availed, so the prior temporary taking of credit did not by itself defeat the exemption. On that basis, the specified wires manufactured from duty-paid wire rods remained eligible for exemption, and once the final product was treated as exempt, its clearances could not be counted for the purpose of Notification No. 175/86-C.E. The denial of exemption was therefore unsustainable. en-us Mon, 19 May 1997 00:00:00 +0530 Fri, 11 May 2012 17:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114161 Reversal of Modvat credit in the RG 23 account before removal of the exempted final product was treated as satisfying the condition in Notification No. 208/83-C.E. that no input credit under Rule 56A or Rule 57A had been availed, so the prior temporary taking of credit did not by itself defeat the exemption. On that basis, the specified wires manufactured from duty-paid wire rods remained eligible for exemption, and once the final product was treated as exempt, its clearances could not be counted for the purpose of Notification No. 175/86-C.E. The denial of exemption was therefore unsustainable. Case-Laws Central Excise Mon, 19 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114161