https://www.taxtmi.com/caselaws?id=33372 Modvat credit was confined to duty paid on inputs used in relation to final products liable to excise duty, so it could not be claimed for indigenous inputs used in goods exported under AR4 and bond without payment of duty. The export cycle involving imported inputs, CVD and drawback was treated as distinct from the cycle of duty paid indigenous inputs, and the two could not be mixed. The AR4 declaration was required to prevent credit being taken on the inputs used for the exported goods, and later availing of credit on those inputs was impermissible. Accordingly, the demand and penalty were sustained. en-us Tue, 26 Aug 2008 00:00:00 +0530 Sun, 10 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33372 Modvat credit was confined to duty paid on inputs used in relation to final products liable to excise duty, so it could not be claimed for indigenous inputs used in goods exported under AR4 and bond without payment of duty. The export cycle involving imported inputs, CVD and drawback was treated as distinct from the cycle of duty paid indigenous inputs, and the two could not be mixed. The AR4 declaration was required to prevent credit being taken on the inputs used for the exported goods, and later availing of credit on those inputs was impermissible. Accordingly, the demand and penalty were sustained. Case-Laws Central Excise Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33372