https://www.taxtmi.com/caselaws?id=411690 Inputs cleared as such to a 100% export oriented undertaking against CT-3 certificates were treated as eligible for exemption without reversal of Modvat credit. The Tribunal followed the jurisdictional High Court's remand and the Karnataka High Court's view in Solectron Centum Electronics Ltd., applying judicial discipline to hold that credit on such inputs was not required to be reversed merely because the goods were cleared to an EOU. The result was that the assessee could avail Modvat credit and clear the inputs to the 100% EOU without payment of duty or reversal of credit. en-us Mon, 30 Aug 2021 00:00:00 +0530 Wed, 01 Sep 2021 08:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411690 Inputs cleared as such to a 100% export oriented undertaking against CT-3 certificates were treated as eligible for exemption without reversal of Modvat credit. The Tribunal followed the jurisdictional High Court's remand and the Karnataka High Court's view in Solectron Centum Electronics Ltd., applying judicial discipline to hold that credit on such inputs was not required to be reversed merely because the goods were cleared to an EOU. The result was that the assessee could avail Modvat credit and clear the inputs to the 100% EOU without payment of duty or reversal of credit. Case-Laws Central Excise Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411690