https://www.taxtmi.com/caselaws?id=90057 Modvat credit on inputs became unavailable once the exemption notification made the final products dutiable at nil rate, so credit taken after that date was not legally admissible. Recovery of wrongly availed credit, however, had to comply with Rule 57-I of the Central Excise Rules, 1944, which required a notice within six months from the date each credit was taken. A demand based on the later notice date, rather than the individual credit dates, was therefore time-barred and could not be sustained. The earlier High Court ruling on irrevocability of Modvat credit did not determine the limitation issue or permit recovery beyond the statutory period. en-us Wed, 28 Jan 1998 00:00:00 +0530 Mon, 03 Oct 2011 11:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90057 Modvat credit on inputs became unavailable once the exemption notification made the final products dutiable at nil rate, so credit taken after that date was not legally admissible. Recovery of wrongly availed credit, however, had to comply with Rule 57-I of the Central Excise Rules, 1944, which required a notice within six months from the date each credit was taken. A demand based on the later notice date, rather than the individual credit dates, was therefore time-barred and could not be sustained. The earlier High Court ruling on irrevocability of Modvat credit did not determine the limitation issue or permit recovery beyond the statutory period. Case-Laws Central Excise Wed, 28 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90057