https://www.taxtmi.com/caselaws?id=84676 An assessee who had wrongly taken MODVAT credit on inputs used in the manufacture of exempted goods could not restore that credit by a unilateral suo motu entry after reversal, even if the reversal was said to be under protest. The Central Excise Act, 1944 and the MODVAT Scheme contained no provision permitting re-availment of the same credit in such circumstances. The prior wrongful availment was merely corrected by reversal, and that correction did not create any legal entitlement to take the credit again. The impugned order was sustained and the appeal failed. en-us Mon, 18 Dec 1995 00:00:00 +0530 Sat, 23 Jul 2011 15:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84676 An assessee who had wrongly taken MODVAT credit on inputs used in the manufacture of exempted goods could not restore that credit by a unilateral suo motu entry after reversal, even if the reversal was said to be under protest. The Central Excise Act, 1944 and the MODVAT Scheme contained no provision permitting re-availment of the same credit in such circumstances. The prior wrongful availment was merely corrected by reversal, and that correction did not create any legal entitlement to take the credit again. The impugned order was sustained and the appeal failed. Case-Laws Central Excise Mon, 18 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84676