https://www.taxtmi.com/caselaws?id=84072 The text examines whether the interrelation of Rule 57A and the unamended Rule 57E permitted upward adjustment of Modvat credit when additional duty on inputs was paid later, or whether Rule 57E confined adjustments to downward variation tied to refunds. It notes conflicting Tribunal views and the subsequent amendment described as clarificatory, leading to the view that the issue involved questions of law on the scope and effect of the two rules, including possible retrospective operation of the amendment. The matter was therefore treated as fit for reference to the High Court under Section 35G. en-us Fri, 30 Dec 1994 00:00:00 +0530 Tue, 19 Jul 2011 16:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84072 The text examines whether the interrelation of Rule 57A and the unamended Rule 57E permitted upward adjustment of Modvat credit when additional duty on inputs was paid later, or whether Rule 57E confined adjustments to downward variation tied to refunds. It notes conflicting Tribunal views and the subsequent amendment described as clarificatory, leading to the view that the issue involved questions of law on the scope and effect of the two rules, including possible retrospective operation of the amendment. The matter was therefore treated as fit for reference to the High Court under Section 35G. Case-Laws Central Excise Fri, 30 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84072