https://www.taxtmi.com/caselaws?id=84904 Unutilised Modvat credit in RG-23A Part II could not be refunded merely because the assessee opted out of the Modvat scheme and availed SSI exemption. Rule 57F of the Central Excise Rules, 1944 permits refund only in the express situation provided by the rule, namely where the finished goods are exported. In the absence of any broader enabling provision, there is no general right to a cash refund of accumulated credit on cessation of Modvat use. The refund was therefore held inadmissible and the allowance of refund was set aside in favour of Revenue. en-us Fri, 29 Dec 1995 00:00:00 +0530 Mon, 01 Aug 2011 13:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84904 Unutilised Modvat credit in RG-23A Part II could not be refunded merely because the assessee opted out of the Modvat scheme and availed SSI exemption. Rule 57F of the Central Excise Rules, 1944 permits refund only in the express situation provided by the rule, namely where the finished goods are exported. In the absence of any broader enabling provision, there is no general right to a cash refund of accumulated credit on cessation of Modvat use. The refund was therefore held inadmissible and the allowance of refund was set aside in favour of Revenue. Case-Laws Central Excise Fri, 29 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84904