https://www.taxtmi.com/caselaws?id=48843 Simultaneous availment of Modvat credit and full small-scale exemption is permissible for different specified goods, based on an earlier view treated as confirmed through the doctrine of merger following dismissal of the Revenue's appeal. For the same specified goods, exemption may also be claimed where Modvat credit attributable to inputs used in duty-free goods is reversed before their clearance. Reversal removes the basis for denying exemption on the ground that input credit had been taken. The operative position permits credit and exemption subject to reversal of credit relating to exempted goods. en-us Fri, 11 Aug 2000 00:00:00 +0530 Mon, 06 Oct 2025 19:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48843 Simultaneous availment of Modvat credit and full small-scale exemption is permissible for different specified goods, based on an earlier view treated as confirmed through the doctrine of merger following dismissal of the Revenue's appeal. For the same specified goods, exemption may also be claimed where Modvat credit attributable to inputs used in duty-free goods is reversed before their clearance. Reversal removes the basis for denying exemption on the ground that input credit had been taken. The operative position permits credit and exemption subject to reversal of credit relating to exempted goods. Case-Laws Central Excise Fri, 11 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48843