https://www.taxtmi.com/caselaws?id=51360 Notification No. 14/97 was interpreted as restricting Modvat credit only for the inputs expressly named in it; mere inclusion of Residual Fuel Oil and Low Sulphur Heavy Stock in the same tariff sub-heading did not extend the restriction, especially where the goods were distinct and no evidence showed conformity with low sulphur specifications. Modvat credit was also held to depend on the duty actually paid on the input and reflected in the prescribed documents, not on whether the duty burden was fully passed on to the buyer. On that basis, the disallowance of credit, related duty demand, and penalty were unsustainable. en-us Mon, 28 Jan 2002 00:00:00 +0530 Fri, 24 Sep 2010 13:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51360 Notification No. 14/97 was interpreted as restricting Modvat credit only for the inputs expressly named in it; mere inclusion of Residual Fuel Oil and Low Sulphur Heavy Stock in the same tariff sub-heading did not extend the restriction, especially where the goods were distinct and no evidence showed conformity with low sulphur specifications. Modvat credit was also held to depend on the duty actually paid on the input and reflected in the prescribed documents, not on whether the duty burden was fully passed on to the buyer. On that basis, the disallowance of credit, related duty demand, and penalty were unsustainable. Case-Laws Central Excise Mon, 28 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51360