https://www.taxtmi.com/caselaws?id=91431 Rule 57H(3) was examined as a mechanism for transferring unutilised credit arising under an exemption notification into the Modvat account. The text states that, where the governing notification or rule does not require one-to-one correlation between inputs and final products or a particular account format, transfer of accumulated credit cannot be refused on that basis alone. It distinguishes the earlier view in Sirpur Paper Mills and notes that the contrary approach required reconsideration. The matter was sent for reconsideration before the President, so no final adjudication was made on entitlement. en-us Fri, 14 May 1999 00:00:00 +0530 Mon, 17 Oct 2011 18:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91431 Rule 57H(3) was examined as a mechanism for transferring unutilised credit arising under an exemption notification into the Modvat account. The text states that, where the governing notification or rule does not require one-to-one correlation between inputs and final products or a particular account format, transfer of accumulated credit cannot be refused on that basis alone. It distinguishes the earlier view in Sirpur Paper Mills and notes that the contrary approach required reconsideration. The matter was sent for reconsideration before the President, so no final adjudication was made on entitlement. Case-Laws Central Excise Fri, 14 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91431