https://www.taxtmi.com/caselaws?id=172725 MODVAT credit against additional customs duty on imported goods cannot be set off before the duty itself is paid. The Settlement Commission reasoned that permitting such a set-off on the same imported goods would, in substance, amount to an indirect exemption from countervailing duty. The Delhi High Court found no reason to interfere and upheld that view, confirming that payment of the additional or customs duty must precede any claim to MODVAT credit linked to the duty paid on finished manufactured goods. en-us Mon, 23 Aug 2004 00:00:00 +0530 Fri, 28 Aug 2015 11:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172725 MODVAT credit against additional customs duty on imported goods cannot be set off before the duty itself is paid. The Settlement Commission reasoned that permitting such a set-off on the same imported goods would, in substance, amount to an indirect exemption from countervailing duty. The Delhi High Court found no reason to interfere and upheld that view, confirming that payment of the additional or customs duty must precede any claim to MODVAT credit linked to the duty paid on finished manufactured goods. Case-Laws Customs Mon, 23 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172725