https://www.taxtmi.com/caselaws?id=245787 A small scale industrial unit eligible for an exemption notification was also entitled to choose MODVAT credit on inputs under Rule 57A instead of availing the exemption. Rule 57C denied input credit only where the final product was wholly exempt or chargeable to nil duty, but the exemption notification and the MODVAT scheme were both beneficial and operated as alternatives. A manufacturer covered by both could elect the more beneficial course, and the exemption could not be imposed so as to deny MODVAT credit when the assessee chose not to avail the exemption. en-us Wed, 18 Dec 2013 00:00:00 +0530 Fri, 05 Sep 2014 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245787 A small scale industrial unit eligible for an exemption notification was also entitled to choose MODVAT credit on inputs under Rule 57A instead of availing the exemption. Rule 57C denied input credit only where the final product was wholly exempt or chargeable to nil duty, but the exemption notification and the MODVAT scheme were both beneficial and operated as alternatives. A manufacturer covered by both could elect the more beneficial course, and the exemption could not be imposed so as to deny MODVAT credit when the assessee chose not to avail the exemption. Case-Laws Central Excise Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245787