https://www.taxtmi.com/caselaws?id=78678 Where Modvat credit was directed to be restored, the revenue could satisfy the obligation by cash payment or by adjustment against the assessee's recurring liability, and the assessee had no indefeasible right to insist on cash alone. The Court required the department to determine the credit position in the personal ledger account after adjusting any amount payable by the assessee and to release the balance within the time fixed. It also held that a separate refund application under Rule 57F of the Central Excise Rules, 1944 was unnecessary because the petition itself was sufficient to constitute an effective claim for refund. en-us Wed, 11 Dec 2002 00:00:00 +0530 Thu, 09 Mar 2017 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78678 Where Modvat credit was directed to be restored, the revenue could satisfy the obligation by cash payment or by adjustment against the assessee's recurring liability, and the assessee had no indefeasible right to insist on cash alone. The Court required the department to determine the credit position in the personal ledger account after adjusting any amount payable by the assessee and to release the balance within the time fixed. It also held that a separate refund application under Rule 57F of the Central Excise Rules, 1944 was unnecessary because the petition itself was sufficient to constitute an effective claim for refund. Case-Laws Central Excise Wed, 11 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78678