https://www.taxtmi.com/caselaws?id=114332 Deemed Modvat credit under Notification No. 29/96-C.E. (N.T.) was held not to be denied merely because clearances were made against CT2 certificates under Chapter X procedure, as such clearances were not treated as exempted clearances attracting Rule 57C. The refund claim was also held to be within limitation because the relevant date for computing limitation was the commencement of the compounded levy scheme, when practical utilisation of the credit first became impossible. On both issues, the claim was accepted and the Revenue challenge failed. en-us Tue, 29 Jun 2004 00:00:00 +0530 Mon, 14 May 2012 17:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114332 Deemed Modvat credit under Notification No. 29/96-C.E. (N.T.) was held not to be denied merely because clearances were made against CT2 certificates under Chapter X procedure, as such clearances were not treated as exempted clearances attracting Rule 57C. The refund claim was also held to be within limitation because the relevant date for computing limitation was the commencement of the compounded levy scheme, when practical utilisation of the credit first became impossible. On both issues, the claim was accepted and the Revenue challenge failed. Case-Laws Central Excise Tue, 29 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114332