https://www.taxtmi.com/caselaws?id=114610 Modvat credit on inputs was available only subject to the conditions in Notification No. 8/93 dated 1-11-1993, including proper treatment of Special Excise Duty credit and maintenance of separate accounts. Where the assessee merged basic duty with Special Excise Duty and did not keep separate accounts, the credit claim failed to satisfy the prescribed conditions for availment and utilisation. Denial of Modvat credit was therefore upheld against the assessee. en-us Wed, 01 Sep 2004 00:00:00 +0530 Fri, 18 May 2012 13:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114610 Modvat credit on inputs was available only subject to the conditions in Notification No. 8/93 dated 1-11-1993, including proper treatment of Special Excise Duty credit and maintenance of separate accounts. Where the assessee merged basic duty with Special Excise Duty and did not keep separate accounts, the credit claim failed to satisfy the prescribed conditions for availment and utilisation. Denial of Modvat credit was therefore upheld against the assessee. Case-Laws Central Excise Wed, 01 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114610