<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2010 (3) TMI 1075 - PUNJAB AND HARYANA HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=174198</link>
    <description>Modvat credit on common inputs used in both exempted and dutiable final products was held admissible where the manufacturer followed the Rule 57CC mechanism, paid the prescribed 8% amount, and debited the credit attributable to the exempted goods before clearance. Rule 57C does not defeat credit in such mixed-manufacture situations when the specific Rule 57CC procedure is complied with. The stated result was that credit on the disputed inputs was upheld in favour of the assessee and against the Revenue.</description>
    <language>en-us</language>
    <pubDate>Tue, 30 Mar 2010 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 09 Apr 2018 11:35:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=399668" rel="self" type="application/rss+xml"/>
    <item>
      <title>2010 (3) TMI 1075 - PUNJAB AND HARYANA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=174198</link>
      <description>Modvat credit on common inputs used in both exempted and dutiable final products was held admissible where the manufacturer followed the Rule 57CC mechanism, paid the prescribed 8% amount, and debited the credit attributable to the exempted goods before clearance. Rule 57C does not defeat credit in such mixed-manufacture situations when the specific Rule 57CC procedure is complied with. The stated result was that credit on the disputed inputs was upheld in favour of the assessee and against the Revenue.</description>
      <category>Case-Laws</category>
      <law>Central Excise</law>
      <pubDate>Tue, 30 Mar 2010 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=174198</guid>
    </item>
  </channel>
</rss>