https://www.taxtmi.com/caselaws?id=91542 Unutilised excise credit subsisting immediately before introduction of the Modvat scheme was transferable to the Modvat credit account when the statutory transition conditions under Rule 57H were satisfied. The appellate authority accepted that the credit remained unutilised at the point of transition for the paper industry and treated that factual position as sufficient to permit carry-forward into the new regime. The Revenue's challenge failed, and transfer of the credit was upheld. en-us Mon, 24 Feb 1997 00:00:00 +0530 Wed, 19 Oct 2011 10:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91542 Unutilised excise credit subsisting immediately before introduction of the Modvat scheme was transferable to the Modvat credit account when the statutory transition conditions under Rule 57H were satisfied. The appellate authority accepted that the credit remained unutilised at the point of transition for the paper industry and treated that factual position as sufficient to permit carry-forward into the new regime. The Revenue's challenge failed, and transfer of the credit was upheld. Case-Laws Central Excise Mon, 24 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91542