https://www.taxtmi.com/caselaws?id=87735 Modvat credit validly taken on eligible inputs was treated as final once the inputs were received in the factory and the assessee was otherwise entitled to credit. The later withdrawal of the Modvat facility, or deletion of either the input or the finished product from the scheme, did not by itself authorise reversal or recovery of credit already earned and lawfully utilised, in the absence of an express rule permitting such recovery. The Tribunal therefore held that a demand for reversal was not sustainable where the credit had been validly taken and used in relation to the specified final product. en-us Fri, 19 Apr 1996 00:00:00 +0530 Sat, 10 Sep 2011 10:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87735 Modvat credit validly taken on eligible inputs was treated as final once the inputs were received in the factory and the assessee was otherwise entitled to credit. The later withdrawal of the Modvat facility, or deletion of either the input or the finished product from the scheme, did not by itself authorise reversal or recovery of credit already earned and lawfully utilised, in the absence of an express rule permitting such recovery. The Tribunal therefore held that a demand for reversal was not sustainable where the credit had been validly taken and used in relation to the specified final product. Case-Laws Central Excise Fri, 19 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87735