https://www.taxtmi.com/caselaws?id=43833 Notification No. 432/86 grants exemption for the final product only to the extent of duty actually paid on the specified input used in manufacture. A set-off credit or adjustment in the register is not equivalent to actual payment of duty, so it cannot satisfy the notification's condition. As exemption notifications must be strictly construed, the benefit was unavailable where the input duty was merely adjusted rather than paid, and the claim for refund or exemption on exports therefore failed. en-us Fri, 27 May 1994 00:00:00 +0530 Mon, 21 Jun 2010 13:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43833 Notification No. 432/86 grants exemption for the final product only to the extent of duty actually paid on the specified input used in manufacture. A set-off credit or adjustment in the register is not equivalent to actual payment of duty, so it cannot satisfy the notification's condition. As exemption notifications must be strictly construed, the benefit was unavailable where the input duty was merely adjusted rather than paid, and the claim for refund or exemption on exports therefore failed. Case-Laws Central Excise Fri, 27 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43833