https://www.taxtmi.com/caselaws?id=81012 Modvat credit was held admissible where differential duty on inputs was paid after clearance, because the substantive right to credit under Rule 57A was not barred by Rule 57E as it then stood; the later 1987 amendments were treated as clarificatory and confirmed that additional credit could follow later recovery of duty on the same inputs. The demand for reversal of credit was also held time-barred, since recovery of allegedly wrong credit had to be initiated within the limitation period under Section 11A. The assessee's credit claim was therefore sustained and the revenue's challenge failed on both merits and limitation. en-us Fri, 09 Nov 1990 00:00:00 +0530 Tue, 21 Jun 2011 17:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81012 Modvat credit was held admissible where differential duty on inputs was paid after clearance, because the substantive right to credit under Rule 57A was not barred by Rule 57E as it then stood; the later 1987 amendments were treated as clarificatory and confirmed that additional credit could follow later recovery of duty on the same inputs. The demand for reversal of credit was also held time-barred, since recovery of allegedly wrong credit had to be initiated within the limitation period under Section 11A. The assessee's credit claim was therefore sustained and the revenue's challenge failed on both merits and limitation. Case-Laws Central Excise Fri, 09 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81012