https://www.taxtmi.com/caselaws?id=49922 Availing customs exemption under Notification No. 203/92-Cus. did not, by itself, bar Modvat credit on duty-paid inputs used in exported goods, because a breach of the exemption condition could affect only the customs exemption unless the Modvat rules expressly prohibited credit. The text also notes that Modvat credit may be taken on hot rolled steel coils initially received without duty-paying documents if duty was subsequently paid and the credit was claimed within the prescribed time once supporting evidence became available. The distinction between exemption conditions and Modvat entitlement is treated as material. en-us Tue, 19 Sep 2000 00:00:00 +0530 Wed, 18 Aug 2010 14:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49922 Availing customs exemption under Notification No. 203/92-Cus. did not, by itself, bar Modvat credit on duty-paid inputs used in exported goods, because a breach of the exemption condition could affect only the customs exemption unless the Modvat rules expressly prohibited credit. The text also notes that Modvat credit may be taken on hot rolled steel coils initially received without duty-paying documents if duty was subsequently paid and the credit was claimed within the prescribed time once supporting evidence became available. The distinction between exemption conditions and Modvat entitlement is treated as material. Case-Laws Central Excise Tue, 19 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49922