https://www.taxtmi.com/caselaws?id=53341 Modvat credit taken on molasses could be utilised to pay duty on sugar under the proviso to Rule 57F(12), even though molasses was not an input for sugar. The Tribunal read the provision in the context of the Modvat scheme and accepted that the non obstante clause and the proviso permitted use of the credit in the manner claimed. The ruling confirms that credit under Rule 57F(12) may be applied to the final product despite the input on which credit was earned not being the same input for that product. en-us Tue, 10 Aug 2004 00:00:00 +0530 Tue, 12 Oct 2010 16:57:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53341 Modvat credit taken on molasses could be utilised to pay duty on sugar under the proviso to Rule 57F(12), even though molasses was not an input for sugar. The Tribunal read the provision in the context of the Modvat scheme and accepted that the non obstante clause and the proviso permitted use of the credit in the manner claimed. The ruling confirms that credit under Rule 57F(12) may be applied to the final product despite the input on which credit was earned not being the same input for that product. Case-Laws Central Excise Tue, 10 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53341