https://www.taxtmi.com/caselaws?id=84498 Modvat credit earlier reversed because final products were cleared at nil duty may be restored when those goods are later held dutiable and duty is paid, provided the assessee was otherwise eligible and the prescribed procedure was followed. The earlier reversal loses its basis once the duty position changes, so re-credit is permissible. In the absence of an express limitation period for restoration under the scheme, the claim must be made within a reasonable time; six months from payment of duty on the final products was treated as that reasonable period. The credit restoration was therefore allowed subject to that time limit. en-us Thu, 25 May 1995 00:00:00 +0530 Fri, 22 Jul 2011 12:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84498 Modvat credit earlier reversed because final products were cleared at nil duty may be restored when those goods are later held dutiable and duty is paid, provided the assessee was otherwise eligible and the prescribed procedure was followed. The earlier reversal loses its basis once the duty position changes, so re-credit is permissible. In the absence of an express limitation period for restoration under the scheme, the claim must be made within a reasonable time; six months from payment of duty on the final products was treated as that reasonable period. The credit restoration was therefore allowed subject to that time limit. Case-Laws Central Excise Thu, 25 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84498