https://www.taxtmi.com/caselaws?id=89645 An assessee's withdrawal from the Modvat credit scheme was treated as operating only prospectively from the date of opt-out. Duty paid before 6-5-1986, when the assessee had not yet reverted to SSI exemption under Notification No. 175/86, was held to have been lawfully collected and not refundable. The subsequent change in status could not be given retrospective effect to recover duty already paid. Accordingly, the refund claim for the pre-opt-out period was not maintainable. en-us Fri, 20 Nov 1998 00:00:00 +0530 Wed, 28 Sep 2011 16:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89645 An assessee's withdrawal from the Modvat credit scheme was treated as operating only prospectively from the date of opt-out. Duty paid before 6-5-1986, when the assessee had not yet reverted to SSI exemption under Notification No. 175/86, was held to have been lawfully collected and not refundable. The subsequent change in status could not be given retrospective effect to recover duty already paid. Accordingly, the refund claim for the pre-opt-out period was not maintainable. Case-Laws Central Excise Fri, 20 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89645