https://www.taxtmi.com/caselaws?id=82704 Where disputed Modvat credit had already been reversed by debit in the assessee's RG 23A account, further insistence on cash payment in the Personal Ledger Account for the same amount was unwarranted. Rule 57-I was treated as covering recovery of wrongly taken credit where the credit had already been utilised, and an additional cash demand would amount to double recovery and an unnecessary accounting exercise. The reversal already made was treated as sufficient compliance for the time being, and the impugned cash demand was kept in abeyance, staying its immediate enforcement in favour of the assessee pending disposal of the appeal. en-us Wed, 15 Sep 1993 00:00:00 +0530 Wed, 06 Jul 2011 17:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82704 Where disputed Modvat credit had already been reversed by debit in the assessee's RG 23A account, further insistence on cash payment in the Personal Ledger Account for the same amount was unwarranted. Rule 57-I was treated as covering recovery of wrongly taken credit where the credit had already been utilised, and an additional cash demand would amount to double recovery and an unnecessary accounting exercise. The reversal already made was treated as sufficient compliance for the time being, and the impugned cash demand was kept in abeyance, staying its immediate enforcement in favour of the assessee pending disposal of the appeal. Case-Laws Central Excise Wed, 15 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82704