Modvat credit for inputs permitted to be cleared under Rule 57F

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....corresponding entry in Column (3) of the said Table, in respect of which the credit of - (i) the duty of excise under the Central Excises and Salt Act, 1944 (1 of 1944); (ii) the additional duty of excise under section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978); (iii) the additional duty of excise under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957); and (iv) the additional duty under section 3 of the Customs Tariff Act, 1975 (51 of 1975) equivalent to :- (a) the duty of excise specified under (i) above; (b) the duty of excise specified under (ii) above; and (c) the duty of excise specified under (iii) above, (hereinafter referred to ....

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....es) Act, 1978 (40 of 1978), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules : Provided also that the credit of specified duty in so far as it relates to the additional duty of excise specified under (iii) above or the additional duty specified under (iv) (c) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules. TABLE S. No. Description of final products Heading nu....