https://www.taxtmi.com/caselaws?id=3807 Modvat credit on inputs remained available where final products were cleared under Chapter X on the strength of a CT-2 certificate without payment of duty, because such clearances were not treated as clearance of wholly exempt goods or goods chargeable to nil rate of duty. Earlier decisions had already settled that clearance under Chapter X or under bond is materially different from exempt clearances, so Rule 57C of the Central Excise Rules did not apply. The denial of credit was therefore unsustainable, and the credit was admissible. en-us Fri, 07 Nov 2003 00:00:00 +0530 Fri, 02 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3807 Modvat credit on inputs remained available where final products were cleared under Chapter X on the strength of a CT-2 certificate without payment of duty, because such clearances were not treated as clearance of wholly exempt goods or goods chargeable to nil rate of duty. Earlier decisions had already settled that clearance under Chapter X or under bond is materially different from exempt clearances, so Rule 57C of the Central Excise Rules did not apply. The denial of credit was therefore unsustainable, and the credit was admissible. Case-Laws Central Excise Fri, 07 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3807