https://www.taxtmi.com/caselaws?id=84279 The order examines whether Modvat credit taken and used while the final product was dutiable can be recovered after the product is later cleared under full exemption. It notes the competing views on whether Rule 57C alone bars such credit, or whether recovery must proceed through Rule 57C read with Rule 57-I, which provides the machinery for reversal of wrongly taken or utilised credit. Because the scope of the two rules and the recovery mechanism raised an important interpretive issue, the matter was referred for decision by a Larger Bench. en-us Thu, 27 Apr 1995 00:00:00 +0530 Wed, 20 Jul 2011 18:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84279 The order examines whether Modvat credit taken and used while the final product was dutiable can be recovered after the product is later cleared under full exemption. It notes the competing views on whether Rule 57C alone bars such credit, or whether recovery must proceed through Rule 57C read with Rule 57-I, which provides the machinery for reversal of wrongly taken or utilised credit. Because the scope of the two rules and the recovery mechanism raised an important interpretive issue, the matter was referred for decision by a Larger Bench. Case-Laws Central Excise Thu, 27 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84279