Modvat Credit Cannot Be Recovered on Input Already Used in Manufacturing Final Product

The court held that Modvat credit already allowed on input involved in manufacturing final product cannot be recovered. The petition succeeded, and the impugned notice was quashed. (1993 (5) TMI 31 - HC of Judicature at Allahabad)

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The petition questioned whether Modvat credit on duty paid input used in manufacturing acid slurry can be recovered. The court held that Modvat credit already allowed on input involved in manufacturing final product cannot be recovered. The petition succeeded, and the impugned notice was quashed. (1993 (5) TMI 31 - HIGH COURT OF JUDICATURE AT ALLAHABAD)

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