https://www.taxtmi.com/caselaws?id=33139 Modvat credit on scrap obtained from breaking imported ships was examined against Notification No. 177/86-C.E., with the assessee relying on a contemporaneous Trade Notice to support full credit. The earlier view in Sardar Steel Mills was noted, but later Tribunal authority was preferred and treated as supporting the position that the notification restriction did not apply to this factual situation. On that basis, the restriction was held inapplicable, the denial of credit was set aside, and the assessee was found entitled to consequential relief. en-us Mon, 15 Dec 2008 00:00:00 +0530 Fri, 24 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33139 Modvat credit on scrap obtained from breaking imported ships was examined against Notification No. 177/86-C.E., with the assessee relying on a contemporaneous Trade Notice to support full credit. The earlier view in Sardar Steel Mills was noted, but later Tribunal authority was preferred and treated as supporting the position that the notification restriction did not apply to this factual situation. On that basis, the restriction was held inapplicable, the denial of credit was set aside, and the assessee was found entitled to consequential relief. Case-Laws Central Excise Mon, 15 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33139