https://www.taxtmi.com/caselaws?id=48176 Modvat credit on furnace oil under Rule 57B was not subject to the 10% ad valorem restriction in Notification No. 5/94-C.E. (N.T.) issued under Rule 57A, because Rule 57B operated as a separate credit regime with a non obstante clause. The limitation attached to Rule 57A could not be imported into Rule 57B unless expressly extended by the statute or notification. The later notification specific to Rule 57B supported that independent treatment, and reliance on Section 112 of the Finance Act, 2000 was treated as inapplicable to furnace oil. en-us Tue, 17 Jul 2007 00:00:00 +0530 Wed, 31 Dec 2014 19:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48176 Modvat credit on furnace oil under Rule 57B was not subject to the 10% ad valorem restriction in Notification No. 5/94-C.E. (N.T.) issued under Rule 57A, because Rule 57B operated as a separate credit regime with a non obstante clause. The limitation attached to Rule 57A could not be imported into Rule 57B unless expressly extended by the statute or notification. The later notification specific to Rule 57B supported that independent treatment, and reliance on Section 112 of the Finance Act, 2000 was treated as inapplicable to furnace oil. Case-Laws Central Excise Tue, 17 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48176