https://www.taxtmi.com/caselaws?id=50363 A manufacturer may pay duty on an exempted intermediate PVC film or sheet; the exemption under Notification No. 217/86-C.E. did not bar such payment, and the cited authorities did not establish any rule limiting this to partially exempt goods. However, Modvat credit on PVC granules used through that intermediate product in the manufacture of coated fabric remained subject to the notification-based restriction under Notification No. 177/86 as amended by Notification No. 39/91. The manufacturing split could not defeat that limit, and the credit was confined to the prescribed ceiling. en-us Wed, 06 Dec 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50363 A manufacturer may pay duty on an exempted intermediate PVC film or sheet; the exemption under Notification No. 217/86-C.E. did not bar such payment, and the cited authorities did not establish any rule limiting this to partially exempt goods. However, Modvat credit on PVC granules used through that intermediate product in the manufacture of coated fabric remained subject to the notification-based restriction under Notification No. 177/86 as amended by Notification No. 39/91. The manufacturing split could not defeat that limit, and the credit was confined to the prescribed ceiling. Case-Laws Central Excise Wed, 06 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50363