https://www.taxtmi.com/caselaws?id=52480 Notification No. 217/86 was treated as an integral part of the Modvat scheme, not as a standalone exemption, so inputs used in goods cleared under that notification did not attract reversal of credit under Rule 57C. The Tribunal accepted the distinction earlier drawn between this notification and ordinary exemption notifications, and followed the view taken in Bajaj Tempo. On that basis, it held that repetitive availment and reversal of credit was not intended where inputs moved within the assessee's own manufacturing chain, and Modvat credit reversal was not required. en-us Thu, 16 Oct 2003 00:00:00 +0530 Wed, 06 Oct 2010 10:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52480 Notification No. 217/86 was treated as an integral part of the Modvat scheme, not as a standalone exemption, so inputs used in goods cleared under that notification did not attract reversal of credit under Rule 57C. The Tribunal accepted the distinction earlier drawn between this notification and ordinary exemption notifications, and followed the view taken in Bajaj Tempo. On that basis, it held that repetitive availment and reversal of credit was not intended where inputs moved within the assessee's own manufacturing chain, and Modvat credit reversal was not required. Case-Laws Central Excise Thu, 16 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52480