https://www.taxtmi.com/caselaws?id=167079 Notification No. 128/77, which granted a concessional exemption on specified paper, had to be applied first to determine the duty on the finished product. Notification No. 201/79 then operated as a set-off mechanism for duty already paid on inputs, and the available credit could be adjusted only after the finished-goods duty liability was calculated. There was no requirement to correlate particular inputs with particular clearances. The lower authorities erred by reversing this sequence, and the duty demand had to be reworked on the basis that the exemption was applied before input-duty credit. en-us Mon, 09 Jul 1984 00:00:00 +0530 Fri, 05 Dec 2014 12:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167079 Notification No. 128/77, which granted a concessional exemption on specified paper, had to be applied first to determine the duty on the finished product. Notification No. 201/79 then operated as a set-off mechanism for duty already paid on inputs, and the available credit could be adjusted only after the finished-goods duty liability was calculated. There was no requirement to correlate particular inputs with particular clearances. The lower authorities erred by reversing this sequence, and the duty demand had to be reworked on the basis that the exemption was applied before input-duty credit. Case-Laws Central Excise Mon, 09 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167079