https://www.taxtmi.com/caselaws?id=47168 An assessee entitled to full exemption may opt to forgo that exemption and pay duty in order to avail Modvat credit on duty-paid inputs, where the exemption notification and contemporaneous trade notice are read as permitting such a choice. Withdrawal of the earlier trade notice did not justify interference, particularly because the matter was treated as technical and without revenue implication. In the connected appeal, the duty paid matched the Modvat credit availed, and the dispute was described as revenue neutral. The stated result was that the assessee could forgo the exemption and claim Modvat credit. en-us Wed, 24 Nov 2004 00:00:00 +0530 Tue, 23 Sep 2025 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47168 An assessee entitled to full exemption may opt to forgo that exemption and pay duty in order to avail Modvat credit on duty-paid inputs, where the exemption notification and contemporaneous trade notice are read as permitting such a choice. Withdrawal of the earlier trade notice did not justify interference, particularly because the matter was treated as technical and without revenue implication. In the connected appeal, the duty paid matched the Modvat credit availed, and the dispute was described as revenue neutral. The stated result was that the assessee could forgo the exemption and claim Modvat credit. Case-Laws Central Excise Wed, 24 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47168