https://www.taxtmi.com/caselaws?id=53672 An exemption notification that does not expressly bar input credit for the relevant final product cannot be read to impose that restriction by implication. The same principle applied to Rule 57AD, Rule 57CC and Rule 6, because those provisions operate on the common basis of credit reversal for exempt or nil-rated clearances. Where the product was not covered by an express credit restriction in the notification, reversal of 8% of the value of clearances was not sustainable, and the consequential interest demand also could not survive. en-us Thu, 18 Nov 2004 00:00:00 +0530 Sat, 22 Jun 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53672 An exemption notification that does not expressly bar input credit for the relevant final product cannot be read to impose that restriction by implication. The same principle applied to Rule 57AD, Rule 57CC and Rule 6, because those provisions operate on the common basis of credit reversal for exempt or nil-rated clearances. Where the product was not covered by an express credit restriction in the notification, reversal of 8% of the value of clearances was not sustainable, and the consequential interest demand also could not survive. Case-Laws Central Excise Thu, 18 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53672