https://www.taxtmi.com/caselaws?id=180838 A manufacturer availing small scale exemption under Notifications 175/86 and 1/93 could simultaneously take Modvat credit and full exemption for the same specified goods, provided Modvat credit on inputs used in duty-free goods was reversed. The Tribunal followed the Larger Bench ruling and also noted that small scale exemption and Modvat credit could be availed for different goods. The reference was answered in favour of the assessee, and the issue was treated as settled by the earlier Larger Bench decision. en-us Mon, 11 Sep 2000 00:00:00 +0530 Sat, 02 Apr 2016 15:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180838 A manufacturer availing small scale exemption under Notifications 175/86 and 1/93 could simultaneously take Modvat credit and full exemption for the same specified goods, provided Modvat credit on inputs used in duty-free goods was reversed. The Tribunal followed the Larger Bench ruling and also noted that small scale exemption and Modvat credit could be availed for different goods. The reference was answered in favour of the assessee, and the issue was treated as settled by the earlier Larger Bench decision. Case-Laws Central Excise Mon, 11 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180838