https://www.taxtmi.com/caselaws?id=53247 Where exempt tractors and dutiable tractors were manufactured using common inputs on which Modvat credit had been taken, payment of 8% of the value of exempt clearances under Rule 57CC was treated as sufficient compliance. Denial of Modvat credit in addition to that payment was held impermissible, and the Revenue could not require reversal of credit on the same inputs. The demand for reversal was therefore unsustainable and was set aside in favour of the assessee. en-us Wed, 04 Aug 2004 00:00:00 +0530 Mon, 11 Oct 2010 17:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53247 Where exempt tractors and dutiable tractors were manufactured using common inputs on which Modvat credit had been taken, payment of 8% of the value of exempt clearances under Rule 57CC was treated as sufficient compliance. Denial of Modvat credit in addition to that payment was held impermissible, and the Revenue could not require reversal of credit on the same inputs. The demand for reversal was therefore unsustainable and was set aside in favour of the assessee. Case-Laws Central Excise Wed, 04 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53247