https://www.taxtmi.com/caselaws?id=91908 On switching from Modvat to the full exemption scheme, Rule 57H(5) required reversal of credit relating to inputs in stock and inputs contained in finished goods, but that adjustment had to be made first against the balance available in the credit account. Payment through PLA arose only if the credit balance was insufficient. As sufficient balance existed in RG23A Part II, insisting on PLA payment was inconsistent with the rule, and the assessee was not required to pay the retrenched credit through PLA. The Revenue's appeal was rejected. en-us Wed, 14 Jul 1999 00:00:00 +0530 Fri, 21 Oct 2011 17:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91908 On switching from Modvat to the full exemption scheme, Rule 57H(5) required reversal of credit relating to inputs in stock and inputs contained in finished goods, but that adjustment had to be made first against the balance available in the credit account. Payment through PLA arose only if the credit balance was insufficient. As sufficient balance existed in RG23A Part II, insisting on PLA payment was inconsistent with the rule, and the assessee was not required to pay the retrenched credit through PLA. The Revenue's appeal was rejected. Case-Laws Central Excise Wed, 14 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91908