https://www.taxtmi.com/caselaws?id=265369 An SSI unit may choose between claiming the applicable exemption and paying duty on the final product while availing Modvat credit. Where the unit elects to pay duty instead of taking exemption, Rule 57C of the Central Excise Rules, 1944 does not bar credit on such clearances because the goods are treated as duty-paid rather than exempted. The legal position was applied consistently with earlier authority, and the questions of law were answered in favour of the assessee and against the Revenue. en-us Tue, 20 May 2014 00:00:00 +0530 Sun, 11 Oct 2015 18:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265369 An SSI unit may choose between claiming the applicable exemption and paying duty on the final product while availing Modvat credit. Where the unit elects to pay duty instead of taking exemption, Rule 57C of the Central Excise Rules, 1944 does not bar credit on such clearances because the goods are treated as duty-paid rather than exempted. The legal position was applied consistently with earlier authority, and the questions of law were answered in favour of the assessee and against the Revenue. Case-Laws Central Excise Tue, 20 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265369