https://www.taxtmi.com/caselaws?id=44349 Notification No. 201/79-C.E. created a credit-based set-off scheme under which duty already paid on inputs could be taken on receipt and used against duty on manufactured goods. The Appendix's procedural clauses, including utilisation and transfer of unutilised credit, showed that exact one-to-one correlation between particular inputs and particular clearances was not required. The Supreme Court construed the scheme and its object as avoiding cascading duty burden, and held that the manufacturer could utilise the entire input credit without proving strict input-output matching; the Revenue's proportional credit approach was rejected. en-us Fri, 11 Oct 1996 00:00:00 +0530 Wed, 21 Jan 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44349 Notification No. 201/79-C.E. created a credit-based set-off scheme under which duty already paid on inputs could be taken on receipt and used against duty on manufactured goods. The Appendix's procedural clauses, including utilisation and transfer of unutilised credit, showed that exact one-to-one correlation between particular inputs and particular clearances was not required. The Supreme Court construed the scheme and its object as avoiding cascading duty burden, and held that the manufacturer could utilise the entire input credit without proving strict input-output matching; the Revenue's proportional credit approach was rejected. Case-Laws Central Excise Fri, 11 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44349