https://www.taxtmi.com/caselaws?id=90411 Suo motu re-credit of Modvat credit reversed more than three years earlier was held impermissible where the assessee did not follow the statutory refund or recovery procedure. The Tribunal treated Sections 11A and 11B as the governing framework and noted that, if the earlier debit was disputed, the proper course was to seek adjudication and pursue the prescribed remedy. It distinguished authorities dealing with original Modvat credit or prompt re-credit, and upheld the demand on the footing that a unilateral re-credit after such delay had no legal basis. en-us Tue, 19 Aug 1997 00:00:00 +0530 Fri, 07 Oct 2011 12:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90411 Suo motu re-credit of Modvat credit reversed more than three years earlier was held impermissible where the assessee did not follow the statutory refund or recovery procedure. The Tribunal treated Sections 11A and 11B as the governing framework and noted that, if the earlier debit was disputed, the proper course was to seek adjudication and pursue the prescribed remedy. It distinguished authorities dealing with original Modvat credit or prompt re-credit, and upheld the demand on the footing that a unilateral re-credit after such delay had no legal basis. Case-Laws Central Excise Tue, 19 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90411