https://www.taxtmi.com/caselaws?id=171667 Notification No. 14 of 1997 under Rule 57A of the Central Excise Rules, 1944 limited Modvat credit to specified Chapter 27 inputs such as naphtha, furnace oil, low sulphur heavy stock, light diesel oil, bitumen and paraffin wax. On a plain reading, Residual Fuel Oil was outside the notified items, and the finding that Low Sulphur Heavy Stock was not covered by the notification was based on the text itself. No substantial question of law arose, and no interference was warranted with the view against the assessee. en-us Tue, 07 Aug 2012 00:00:00 +0530 Wed, 29 Jul 2015 07:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171667 Notification No. 14 of 1997 under Rule 57A of the Central Excise Rules, 1944 limited Modvat credit to specified Chapter 27 inputs such as naphtha, furnace oil, low sulphur heavy stock, light diesel oil, bitumen and paraffin wax. On a plain reading, Residual Fuel Oil was outside the notified items, and the finding that Low Sulphur Heavy Stock was not covered by the notification was based on the text itself. No substantial question of law arose, and no interference was warranted with the view against the assessee. Case-Laws Central Excise Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171667