https://www.taxtmi.com/caselaws?id=116516 Rule 57CC was discussed in relation to an intermediate product used in manufacturing both branded exempted medicaments and generic dutiable medicaments. The Revenue's view that the assessee was dealing with one product in two conditions, so as to require reversal or payment of the prescribed percentage amount, was not accepted. On the stated facts, the Tribunal treated the intermediate product as connected to different final products with different excise treatment and held that the factual basis for applying Rule 57CC could not be sustained. The assessee's Modvat credit was therefore not disallowed. en-us Fri, 26 Aug 2005 00:00:00 +0530 Wed, 13 Jun 2012 12:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116516 Rule 57CC was discussed in relation to an intermediate product used in manufacturing both branded exempted medicaments and generic dutiable medicaments. The Revenue's view that the assessee was dealing with one product in two conditions, so as to require reversal or payment of the prescribed percentage amount, was not accepted. On the stated facts, the Tribunal treated the intermediate product as connected to different final products with different excise treatment and held that the factual basis for applying Rule 57CC could not be sustained. The assessee's Modvat credit was therefore not disallowed. Case-Laws Central Excise Fri, 26 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116516