https://www.taxtmi.com/caselaws?id=51809 Modvat credit was held admissible where a manufacturer cleared otherwise exempt yarn on payment of duty under invoices issued in its own name, because election to forego an exemption notification left the duty-paid character intact for credit purposes. The contrary Board circular was treated as having no legal force against that position. The discussion on interest under Section 11AB was also outside the scope of the notice and adjudication order, so it did not affect the dispute. On that basis, credit could not be denied merely because the goods were exempt. en-us Fri, 27 Sep 2002 00:00:00 +0530 Tue, 28 Sep 2010 15:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51809 Modvat credit was held admissible where a manufacturer cleared otherwise exempt yarn on payment of duty under invoices issued in its own name, because election to forego an exemption notification left the duty-paid character intact for credit purposes. The contrary Board circular was treated as having no legal force against that position. The discussion on interest under Section 11AB was also outside the scope of the notice and adjudication order, so it did not affect the dispute. On that basis, credit could not be denied merely because the goods were exempt. Case-Laws Central Excise Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51809