https://www.taxtmi.com/caselaws?id=123836 A few duty-paid clearances in the opening months of a financial year do not, by themselves, amount to opting out of Small Scale Industry exemption, and the exemption may still be treated as having been available from the start where the explanation is unrebutted. Where the final product is not covered by the SSI notification and duty remains payable at the normal rate, MODVAT credit of duty paid on inputs may be availed and utilised against that duty liability. The stated effect is that early limited clearances do not forfeit SSI benefit, and input credit remains available for a duty-liable product outside the exemption notification. en-us Fri, 25 Jul 2008 00:00:00 +0530 Fri, 21 Sep 2012 10:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123836 A few duty-paid clearances in the opening months of a financial year do not, by themselves, amount to opting out of Small Scale Industry exemption, and the exemption may still be treated as having been available from the start where the explanation is unrebutted. Where the final product is not covered by the SSI notification and duty remains payable at the normal rate, MODVAT credit of duty paid on inputs may be availed and utilised against that duty liability. The stated effect is that early limited clearances do not forfeit SSI benefit, and input credit remains available for a duty-liable product outside the exemption notification. Case-Laws Central Excise Fri, 25 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123836