https://www.taxtmi.com/caselaws?id=84788 Valid Modvat credit, once lawfully taken on inputs in stock, could not be reversed merely because the final product was later withdrawn from the scheme. The applicable rules contained no specific provision requiring retrospective recovery in that situation, and they did not require one-to-one correlation between particular inputs and the finished product. The withdrawal of the final product from the notification did not alter the status of credit already validly availed. The Revenue's proper remedy was to demand duty when the inputs were actually used or cleared, not to deny or recover the credit itself. en-us Thu, 18 Nov 1993 00:00:00 +0530 Mon, 25 Jul 2011 16:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84788 Valid Modvat credit, once lawfully taken on inputs in stock, could not be reversed merely because the final product was later withdrawn from the scheme. The applicable rules contained no specific provision requiring retrospective recovery in that situation, and they did not require one-to-one correlation between particular inputs and the finished product. The withdrawal of the final product from the notification did not alter the status of credit already validly availed. The Revenue's proper remedy was to demand duty when the inputs were actually used or cleared, not to deny or recover the credit itself. Case-Laws Central Excise Thu, 18 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84788