https://www.taxtmi.com/caselaws?id=50967 Clause (2) of Notification No. 5/94-C.E. was construed as restricting Modvat credit for specified inputs obtained from breaking up ships, boats and other floating structures manufactured in India and used in manufacture of final products in India. The qualifying words were held to attach to the inputs covered by headings 72.30 and 73.27, not only to the ships from which the scrap was derived. A trade notice could not control or override the statutory notification. On that construction, the credit restriction was applicable as invoked by the department, and the challenge to it failed. en-us Tue, 30 Oct 2001 00:00:00 +0530 Mon, 20 Sep 2010 18:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50967 Clause (2) of Notification No. 5/94-C.E. was construed as restricting Modvat credit for specified inputs obtained from breaking up ships, boats and other floating structures manufactured in India and used in manufacture of final products in India. The qualifying words were held to attach to the inputs covered by headings 72.30 and 73.27, not only to the ships from which the scrap was derived. A trade notice could not control or override the statutory notification. On that construction, the credit restriction was applicable as invoked by the department, and the challenge to it failed. Case-Laws Central Excise Tue, 30 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50967