https://www.taxtmi.com/caselaws?id=32216 An exemption notification allowing Modvat credit on inputs used in exempted and dutiable products operated only if the credit attributable to exempted goods was debited before removal of those goods. The Court treated the finding that reversal occurred only after clearance as decisive and held that post-clearance reversal did not satisfy the notification condition. The assessee therefore could not retain the credit or claim the exemption benefit on that basis, and the departmental view denying exemption was upheld. en-us Thu, 03 Apr 2008 00:00:00 +0530 Sun, 25 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32216 An exemption notification allowing Modvat credit on inputs used in exempted and dutiable products operated only if the credit attributable to exempted goods was debited before removal of those goods. The Court treated the finding that reversal occurred only after clearance as decisive and held that post-clearance reversal did not satisfy the notification condition. The assessee therefore could not retain the credit or claim the exemption benefit on that basis, and the departmental view denying exemption was upheld. Case-Laws Central Excise Thu, 03 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32216