https://www.taxtmi.com/caselaws?id=116677 Modvat credit on duty-paid inputs used in the manufacture of goods exported out of India could not be denied merely because the exported final products were not liable to duty. The Modvat scheme recognised credit on inputs used in or in relation to manufacture and allowed adjustment of accumulated credit where final products were exported. Rule 57C of the Central Excise Rules, 1944 applied to final products cleared for domestic consumption and not to exported goods, so it was inapplicable on these facts. The conclusion was in favour of the assessee. en-us Thu, 25 Aug 2005 00:00:00 +0530 Thu, 14 Jun 2012 17:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116677 Modvat credit on duty-paid inputs used in the manufacture of goods exported out of India could not be denied merely because the exported final products were not liable to duty. The Modvat scheme recognised credit on inputs used in or in relation to manufacture and allowed adjustment of accumulated credit where final products were exported. Rule 57C of the Central Excise Rules, 1944 applied to final products cleared for domestic consumption and not to exported goods, so it was inapplicable on these facts. The conclusion was in favour of the assessee. Case-Laws Central Excise Thu, 25 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116677