https://www.taxtmi.com/caselaws?id=50357 Under the Modvat scheme, Rule 57C applies where final products are exempt or nil-rated, while Rule 57CC addresses common inputs used for both dutiable and exempt clearances. Where the assessee had already reversed the input credit before clearance of the intermediate product, no retained credit remained in its hands, so the liability contemplated by either rule was not attracted. A demand based solely on Rule 57CC in those circumstances would amount to double recovery. The note states that such a demand was therefore not sustainable against the assessee. en-us Thu, 30 Nov 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50357 Under the Modvat scheme, Rule 57C applies where final products are exempt or nil-rated, while Rule 57CC addresses common inputs used for both dutiable and exempt clearances. Where the assessee had already reversed the input credit before clearance of the intermediate product, no retained credit remained in its hands, so the liability contemplated by either rule was not attracted. A demand based solely on Rule 57CC in those circumstances would amount to double recovery. The note states that such a demand was therefore not sustainable against the assessee. Case-Laws Central Excise Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50357