https://www.taxtmi.com/caselaws?id=90691 Modvat credit taken on duty-paid inputs before the final products became exempt could not be recovered under Rule 57I on the facts, because the original order was vague and the statutory preconditions for reversal or recovery were not properly established. The Tribunal also noted the assessee's undertaking to reverse the credit or pay cash if finished goods were destroyed without clearance, and held that this undertaking and its compliance required verification. The matter was therefore remanded to the adjudicating authority for fresh consideration under the correct provision after hearing the assessee. en-us Mon, 21 Dec 1998 00:00:00 +0530 Mon, 10 Oct 2011 18:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90691 Modvat credit taken on duty-paid inputs before the final products became exempt could not be recovered under Rule 57I on the facts, because the original order was vague and the statutory preconditions for reversal or recovery were not properly established. The Tribunal also noted the assessee's undertaking to reverse the credit or pay cash if finished goods were destroyed without clearance, and held that this undertaking and its compliance required verification. The matter was therefore remanded to the adjudicating authority for fresh consideration under the correct provision after hearing the assessee. Case-Laws Central Excise Mon, 21 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90691