https://www.taxtmi.com/caselaws?id=48177 Modvat credit on common inputs used for both dutiable and exempted goods remained admissible where the credit attributable to inputs for exempted products was reversed before those inputs were used, with stock entries adjusted accordingly. The Board circular was read to permit credit on a pro rata or actual basis if the attributable amount was debited before removal of the exempted final product. On those facts, the appellate reasoning was treated as consistent with the circular and the settled position, so no substantial question of law arose and the departmental appeal failed. en-us Tue, 17 Jul 2007 00:00:00 +0530 Fri, 27 Oct 2017 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48177 Modvat credit on common inputs used for both dutiable and exempted goods remained admissible where the credit attributable to inputs for exempted products was reversed before those inputs were used, with stock entries adjusted accordingly. The Board circular was read to permit credit on a pro rata or actual basis if the attributable amount was debited before removal of the exempted final product. On those facts, the appellate reasoning was treated as consistent with the circular and the settled position, so no substantial question of law arose and the departmental appeal failed. Case-Laws Central Excise Tue, 17 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48177