https://www.taxtmi.com/caselaws?id=48845 For inputs received from a hundred per cent export-oriented undertaking, Modvat credit under Notification No. 5/94-C.E. (N.T.) is capped by the additional duty leviable on like imported goods under Section 3 of the Customs Tariff Act. The duty paid by the undertaking on domestic clearances remains excise duty, even though its measure is linked to customs duties, and it cannot be split into assumed customs-duty components for restricting credit. The correct comparison is between the additional duty leviable on like goods and the actual excise duty paid on the inputs; credit is limited to the lower amount. en-us Wed, 09 Aug 2000 00:00:00 +0530 Fri, 06 Aug 2010 17:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48845 For inputs received from a hundred per cent export-oriented undertaking, Modvat credit under Notification No. 5/94-C.E. (N.T.) is capped by the additional duty leviable on like imported goods under Section 3 of the Customs Tariff Act. The duty paid by the undertaking on domestic clearances remains excise duty, even though its measure is linked to customs duties, and it cannot be split into assumed customs-duty components for restricting credit. The correct comparison is between the additional duty leviable on like goods and the actual excise duty paid on the inputs; credit is limited to the lower amount. Case-Laws Central Excise Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48845