https://www.taxtmi.com/caselaws?id=83003 Rule 57F(1)(ii) of the Central Excise Rules, 1944 raised a point of law on whether reversal of Modvat credit on clearance of inputs for home consumption is confined to the credit actually taken or must be made at the duty rate prevailing on the date of removal. Because another Bench had taken a different view and there was no authoritative pronouncement from the High Court or Supreme Court, a reference was considered appropriate to secure an authoritative ruling. The Reference Application was allowed and the question was referred to the High Court. en-us Thu, 22 Jul 1993 00:00:00 +0530 Fri, 08 Jul 2011 18:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83003 Rule 57F(1)(ii) of the Central Excise Rules, 1944 raised a point of law on whether reversal of Modvat credit on clearance of inputs for home consumption is confined to the credit actually taken or must be made at the duty rate prevailing on the date of removal. Because another Bench had taken a different view and there was no authoritative pronouncement from the High Court or Supreme Court, a reference was considered appropriate to secure an authoritative ruling. The Reference Application was allowed and the question was referred to the High Court. Case-Laws Central Excise Thu, 22 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83003