https://www.taxtmi.com/caselaws?id=81544 Modvat credit validly earned when the inputs and final products were covered by the scheme could not be reversed merely because the facility was later withdrawn for the finished product. The credit had been taken after the Rule 57A conditions and Rule 57G declaration requirement were satisfied, and its utilisation was in accordance with Rule 57F. In the absence of any express provision authorising recovery or reversal of credit already validly taken and used, and without a required one-to-one correlation between particular inputs and final goods for denying earlier credit, no demand for reversal could be sustained. en-us Mon, 05 Aug 1991 00:00:00 +0530 Mon, 27 Jun 2011 13:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81544 Modvat credit validly earned when the inputs and final products were covered by the scheme could not be reversed merely because the facility was later withdrawn for the finished product. The credit had been taken after the Rule 57A conditions and Rule 57G declaration requirement were satisfied, and its utilisation was in accordance with Rule 57F. In the absence of any express provision authorising recovery or reversal of credit already validly taken and used, and without a required one-to-one correlation between particular inputs and final goods for denying earlier credit, no demand for reversal could be sustained. Case-Laws Central Excise Mon, 05 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81544