https://www.taxtmi.com/caselaws?id=299432 Rule 57F(12) permits utilisation of specified Modvat credit on inputs for payment of duty on any final product where the inputs are received and used in the factory on or after 1 March 1997. Credit of Additional Excise Duty on unprocessed tyre cord fabrics was therefore held usable towards payment of Basic Excise Duty and Additional Excise Duty on the final products. The restrictive effect of Notification No. 5/94-CE (NT) did not prevail over the wider enabling language of Rule 57F(12) on the facts found, so the credit was treated as validly utilisable. en-us Thu, 08 Nov 2001 00:00:00 +0530 Tue, 14 Dec 2021 15:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299432 Rule 57F(12) permits utilisation of specified Modvat credit on inputs for payment of duty on any final product where the inputs are received and used in the factory on or after 1 March 1997. Credit of Additional Excise Duty on unprocessed tyre cord fabrics was therefore held usable towards payment of Basic Excise Duty and Additional Excise Duty on the final products. The restrictive effect of Notification No. 5/94-CE (NT) did not prevail over the wider enabling language of Rule 57F(12) on the facts found, so the credit was treated as validly utilisable. Case-Laws Central Excise Thu, 08 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299432