https://www.taxtmi.com/caselaws?id=84737 Transitional MODVAT credit under Rule 57H(3) was confined to the unutilised balance lying before the commencement of the scheme, so credit relating to inputs received in March 1986 could not be shifted under that transitional provision and had to be examined only under the ordinary MODVAT rules. The earlier permission to transfer credit did not bar correction where credit had been wrongly allowed, and irregular credit could be reopened and recovered even if the initial allowance resulted from error or misconstruction. The matter was therefore remanded for de novo determination of the segregated entitlement to transitional and ordinary credit. en-us Mon, 14 Aug 1995 00:00:00 +0530 Mon, 25 Jul 2011 12:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84737 Transitional MODVAT credit under Rule 57H(3) was confined to the unutilised balance lying before the commencement of the scheme, so credit relating to inputs received in March 1986 could not be shifted under that transitional provision and had to be examined only under the ordinary MODVAT rules. The earlier permission to transfer credit did not bar correction where credit had been wrongly allowed, and irregular credit could be reopened and recovered even if the initial allowance resulted from error or misconstruction. The matter was therefore remanded for de novo determination of the segregated entitlement to transitional and ordinary credit. Case-Laws Central Excise Mon, 14 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84737