https://www.taxtmi.com/caselaws?id=82501 Modvat credit wrongly moved from RG 23 to the PLA was treated as an accounting irregularity, not a disentitling breach, where an earlier appellate direction had already required retransfer so the credit could be utilised while the facility remained available. The assessee was to receive restoration of the amount and be treated as if the transfer had been made in time, because delay was caused by an unnecessary permission request and delayed departmental response. Any balance left unutilised by the relevant cutoff would lapse under the transition provisions. en-us Mon, 18 Jan 1993 00:00:00 +0530 Tue, 05 Jul 2011 15:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82501 Modvat credit wrongly moved from RG 23 to the PLA was treated as an accounting irregularity, not a disentitling breach, where an earlier appellate direction had already required retransfer so the credit could be utilised while the facility remained available. The assessee was to receive restoration of the amount and be treated as if the transfer had been made in time, because delay was caused by an unnecessary permission request and delayed departmental response. Any balance left unutilised by the relevant cutoff would lapse under the transition provisions. Case-Laws Central Excise Mon, 18 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82501