https://www.taxtmi.com/caselaws?id=50454 An assessee may choose not to avail an exemption notification on captively consumed goods and instead pay duty, where that election preserves admissibility of Modvat credit on inputs used in manufacture. The Tribunal treated the issue as settled by prior decisions and applied the principle that exemption cannot be forced on the assessee when duty payment is chosen to secure input credit. A trade notice was also noted as supporting credit availability in that situation. On that basis, the assessee's option to pay duty on ingot moulds and claim Modvat credit on inputs was upheld, and the contrary order was set aside. en-us Tue, 09 Jan 2001 00:00:00 +0530 Sat, 21 Aug 2010 18:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50454 An assessee may choose not to avail an exemption notification on captively consumed goods and instead pay duty, where that election preserves admissibility of Modvat credit on inputs used in manufacture. The Tribunal treated the issue as settled by prior decisions and applied the principle that exemption cannot be forced on the assessee when duty payment is chosen to secure input credit. A trade notice was also noted as supporting credit availability in that situation. On that basis, the assessee's option to pay duty on ingot moulds and claim Modvat credit on inputs was upheld, and the contrary order was set aside. Case-Laws Central Excise Tue, 09 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50454