https://www.taxtmi.com/caselaws?id=206366 Compounded rubber products were classifiable under residuary sub-heading 4005.90 because MODVAT credit had been taken on inputs used in manufacture, making the nil-rate entry under sub-heading 4005.10 inapplicable. The attempt to treat the goods as exempt despite credit availed was rejected, and the duty liability attached at the rate applicable to 4005.90. Reliance on Rule 57CC without first determining the correct classification of the final product was held legally unsound. The penalty imposed on the assessee was set aside. en-us Tue, 12 Oct 2010 00:00:00 +0530 Fri, 14 Oct 2011 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206366 Compounded rubber products were classifiable under residuary sub-heading 4005.90 because MODVAT credit had been taken on inputs used in manufacture, making the nil-rate entry under sub-heading 4005.10 inapplicable. The attempt to treat the goods as exempt despite credit availed was rejected, and the duty liability attached at the rate applicable to 4005.90. Reliance on Rule 57CC without first determining the correct classification of the final product was held legally unsound. The penalty imposed on the assessee was set aside. Case-Laws Central Excise Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206366