https://www.taxtmi.com/caselaws?id=48910 Modvat credit validly taken when the final product was dutiable does not become irregular merely because the product is later exempted. Reversal is required only to the extent that duty paid inputs remain attributable to exempt clearances of unfinished or uncleared goods. On that basis, separate recovery of duty was not justified, and penalty and interest were not sustainable where the credit was originally validly availed. en-us Mon, 07 Jan 2002 00:00:00 +0530 Sat, 07 Aug 2010 12:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48910 Modvat credit validly taken when the final product was dutiable does not become irregular merely because the product is later exempted. Reversal is required only to the extent that duty paid inputs remain attributable to exempt clearances of unfinished or uncleared goods. On that basis, separate recovery of duty was not justified, and penalty and interest were not sustainable where the credit was originally validly availed. Case-Laws Central Excise Mon, 07 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48910