https://www.taxtmi.com/caselaws?id=53324 A Modvat credit ceiling under Notification No. 5/94-C.E. (N.T.), issued under Rule 57A, was treated as inapplicable to petroleum fuels notified under Rule 57B. The reasoning was that Rule 57B operated notwithstanding Rule 57A, so credit admissible for fuel inputs such as light diesel oil, LSHS and furnace oil could not be curtailed by a restriction attached only to Rule 57A unless the law was expressly amended. Later amendments aligning Rule 57A and Rule 57B to impose a 95% cap were viewed as confirming that the earlier 10% restriction did not extend to Rule 57B fuels during the disputed period. en-us Thu, 25 Mar 2004 00:00:00 +0530 Tue, 12 Oct 2010 16:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53324 A Modvat credit ceiling under Notification No. 5/94-C.E. (N.T.), issued under Rule 57A, was treated as inapplicable to petroleum fuels notified under Rule 57B. The reasoning was that Rule 57B operated notwithstanding Rule 57A, so credit admissible for fuel inputs such as light diesel oil, LSHS and furnace oil could not be curtailed by a restriction attached only to Rule 57A unless the law was expressly amended. Later amendments aligning Rule 57A and Rule 57B to impose a 95% cap were viewed as confirming that the earlier 10% restriction did not extend to Rule 57B fuels during the disputed period. Case-Laws Central Excise Thu, 25 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53324