https://www.taxtmi.com/caselaws?id=50542 Exemption under Notification No. 60/88-C.E. required strict compliance with the prescribed entitlement certificate procedure, including production within time and issuance by the Registrar of Newspapers for India. Certificates issued by the Controller of Newsprint and produced belatedly did not satisfy the notification's mandatory conditions, so the exemption claim failed and duty on clearances remained payable. The reversal of Modvat credit could not be adjusted against the duty demand because neither the Act nor the Rules provided any such set-off mechanism. In the absence of statutory authority, credit reversal did not discharge the duty liability. en-us Wed, 30 May 2001 00:00:00 +0530 Mon, 23 Aug 2010 12:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50542 Exemption under Notification No. 60/88-C.E. required strict compliance with the prescribed entitlement certificate procedure, including production within time and issuance by the Registrar of Newspapers for India. Certificates issued by the Controller of Newsprint and produced belatedly did not satisfy the notification's mandatory conditions, so the exemption claim failed and duty on clearances remained payable. The reversal of Modvat credit could not be adjusted against the duty demand because neither the Act nor the Rules provided any such set-off mechanism. In the absence of statutory authority, credit reversal did not discharge the duty liability. Case-Laws Central Excise Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50542