https://www.taxtmi.com/caselaws?id=183809 Reversal of Modvat credit on common inputs before issuance of the show cause notice meant the credit attributable to those inputs was treated as never having been taken for the exempted final product. On that footing, the statutory condition for demanding 8% of the value of exempted ghee under Rule 57CC of the Central Excise Rules, 1944 did not survive, because the disputed credit had already been fully debited before enforcement. The demand was therefore unsustainable and not payable. en-us Fri, 13 Feb 2004 00:00:00 +0530 Wed, 22 Jun 2016 12:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183809 Reversal of Modvat credit on common inputs before issuance of the show cause notice meant the credit attributable to those inputs was treated as never having been taken for the exempted final product. On that footing, the statutory condition for demanding 8% of the value of exempted ghee under Rule 57CC of the Central Excise Rules, 1944 did not survive, because the disputed credit had already been fully debited before enforcement. The demand was therefore unsustainable and not payable. Case-Laws Central Excise Fri, 13 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183809