https://www.taxtmi.com/caselaws?id=94559 Under Notification No. 204/92-Cus., transfer of a DEEC licence was restricted where export goods had been manufactured using Modvat credit on eligible inputs. The article states that, in such cases, the credit taken on those inputs had to be reversed before a valid transfer could occur. Because the reversal was a necessary consequence of the licence condition and not shown to have been made at the department's instance, it did not create a refundable claim. The stated result is that a refund of the reversed Modvat credit was not maintainable on merits. en-us Mon, 28 Feb 2000 00:00:00 +0530 Wed, 23 Nov 2011 13:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94559 Under Notification No. 204/92-Cus., transfer of a DEEC licence was restricted where export goods had been manufactured using Modvat credit on eligible inputs. The article states that, in such cases, the credit taken on those inputs had to be reversed before a valid transfer could occur. Because the reversal was a necessary consequence of the licence condition and not shown to have been made at the department's instance, it did not create a refundable claim. The stated result is that a refund of the reversed Modvat credit was not maintainable on merits. Case-Laws Central Excise Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94559