https://www.taxtmi.com/caselaws?id=93967 Refund of unutilised Modvat credit on inputs used in exported goods was unavailable where the credit had already lapsed under Rule 57F(17) before the refund application was filed. The Tribunal held that Board clarification and the earlier Tribunal ruling relied on by the assessee applied only where the refund claim had been made before the lapsing date. It further held that refund under Rule 57F(13) is permitted only when the credit is still subsisting on the date of the claim. As no credit remained available when the application was filed, the statutory conditions for refund were not satisfied and the claim failed. en-us Wed, 09 Aug 2000 00:00:00 +0530 Fri, 18 Nov 2011 11:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93967 Refund of unutilised Modvat credit on inputs used in exported goods was unavailable where the credit had already lapsed under Rule 57F(17) before the refund application was filed. The Tribunal held that Board clarification and the earlier Tribunal ruling relied on by the assessee applied only where the refund claim had been made before the lapsing date. It further held that refund under Rule 57F(13) is permitted only when the credit is still subsisting on the date of the claim. As no credit remained available when the application was filed, the statutory conditions for refund were not satisfied and the claim failed. Case-Laws Central Excise Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93967