https://www.taxtmi.com/caselaws?id=80793 Where duty on inputs is varied after earlier credit has already been allowed, the statutory scheme requires adjustment in the credit account or account-current, and if that is not possible, recovery or refund in cash. Once the proforma account is closed and the Modvat declaration has been filed, the later differential duty cannot be routed through the closed proforma account merely to enable transfer. The transfer mechanism applies only to credit lying unutilised immediately before the relevant declaration. The substantive credit entitlement, however, remains available through PLA adjustment with a corresponding debit in the Modvat account. en-us Tue, 10 Apr 1990 00:00:00 +0530 Mon, 20 Jun 2011 14:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80793 Where duty on inputs is varied after earlier credit has already been allowed, the statutory scheme requires adjustment in the credit account or account-current, and if that is not possible, recovery or refund in cash. Once the proforma account is closed and the Modvat declaration has been filed, the later differential duty cannot be routed through the closed proforma account merely to enable transfer. The transfer mechanism applies only to credit lying unutilised immediately before the relevant declaration. The substantive credit entitlement, however, remains available through PLA adjustment with a corresponding debit in the Modvat account. Case-Laws Central Excise Tue, 10 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80793