https://www.taxtmi.com/caselaws?id=119655 Rule 57CC(9) required manufacturers to maintain separate inventories and accounts for inputs used in exempt final products and barred credit on those inputs. Post-removal reversal of MODVAT credit did not cure non-compliance for obtaining complete interim relief; reversal was treated as effective only when made before removal of exempt final products. Total waiver of pre-deposit was therefore unavailable, while limited interim protection was granted subject to a partial pre-deposit within the stipulated period. en-us Thu, 04 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 13:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119655 Rule 57CC(9) required manufacturers to maintain separate inventories and accounts for inputs used in exempt final products and barred credit on those inputs. Post-removal reversal of MODVAT credit did not cure non-compliance for obtaining complete interim relief; reversal was treated as effective only when made before removal of exempt final products. Total waiver of pre-deposit was therefore unavailable, while limited interim protection was granted subject to a partial pre-deposit within the stipulated period. Case-Laws Central Excise Thu, 04 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119655