1993 (12) TMI 122

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....agat, JDR, for the Respondents. [Order]. -  Heard both sides. The issue involved in this appeal is the admissibility of Modvat in respect of the countervailing duty paid prior to 31-1-1986. The lower authorities have held the same as inadmissible in terms of Rule 57H(2) as the duty was admittedly paid by MMTC during 1985, that is, prior to 31-1-1986. During the hearing of the present ap....

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.... for availing of the Modvat Credit admissible in-terms of Rule 57A, the provisions for Rule 57H(2) will also override the provision of Rule 57G. As the duty has admittedly been paid prior to 31-1-1986, the Modvat Credit has rightly been held as inadmissible by the lower authorities. It is also not their plea that the said input were covered by Rule 56A before the introduction of the Modvat Scheme ....