Court Affirms MODVAT Credit Use for CVD via DEPB Scheme u/r 57Q of Central Excise Rules.

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....MODVAT credit - CVD paid through DEPB - Notification No.34/97 - In the background of DEPB Scheme and the purpose of MODVAT Scheme, we hold that availing of credit is as good as tax payment for the purpose of Rule 57Q of the Central Excise Rules. - HC....