https://www.taxtmi.com/caselaws?id=158840 Rule 57F(3) was construed as a beneficial Modvat provision aimed at preventing input credit from lapsing, so "similar final products" was read in its ordinary and contextual sense rather than as identical goods. The majority held that chassis fitted with engines exported under bond and motor vehicles cleared for home consumption were both motor vehicles within Chapter 87 and commercially and functionally similar, allowing input credit earned on the exported goods to be utilised against duty on home-clearance vehicles. The alternative refund argument was rejected as governed by the prescribed refund machinery and limitation framework, though no separate relief arose because utilisation was held valid. A dissent took the opposite view on similarity and refund limitation. en-us Fri, 29 Mar 1996 00:00:00 +0530 Fri, 08 Nov 2013 12:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158840 Rule 57F(3) was construed as a beneficial Modvat provision aimed at preventing input credit from lapsing, so "similar final products" was read in its ordinary and contextual sense rather than as identical goods. The majority held that chassis fitted with engines exported under bond and motor vehicles cleared for home consumption were both motor vehicles within Chapter 87 and commercially and functionally similar, allowing input credit earned on the exported goods to be utilised against duty on home-clearance vehicles. The alternative refund argument was rejected as governed by the prescribed refund machinery and limitation framework, though no separate relief arose because utilisation was held valid. A dissent took the opposite view on similarity and refund limitation. Case-Laws Central Excise Fri, 29 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158840