https://www.taxtmi.com/caselaws?id=125110 After the amendment limiting Modvat credit on direct receipt of inputs to 95%, the same restriction was not to be applied again when those inputs were removed as such under Rule 57F(2) and Rule 57F(3). The scheme allowed duty to be paid equal to the credit originally availed, and the amended notification did not require a second 95% reduction on the inter-unit transfer. Accordingly, the recipient manufacturer was entitled to full credit equivalent to the credit reversed by the supplier, not 95% of that amount. en-us Wed, 29 Oct 2008 00:00:00 +0530 Fri, 19 Oct 2012 15:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125110 After the amendment limiting Modvat credit on direct receipt of inputs to 95%, the same restriction was not to be applied again when those inputs were removed as such under Rule 57F(2) and Rule 57F(3). The scheme allowed duty to be paid equal to the credit originally availed, and the amended notification did not require a second 95% reduction on the inter-unit transfer. Accordingly, the recipient manufacturer was entitled to full credit equivalent to the credit reversed by the supplier, not 95% of that amount. Case-Laws Central Excise Wed, 29 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125110