https://www.taxtmi.com/caselaws?id=94559 Transfer of a DEEC licence under Notification No. 204/92-Cus. was restricted where exported goods were manufactured using inputs on which Modvat credit had been availed. Condition No. vi required reversal of the credit before the licence could be validly sold or transferred. Credit reversed to comply with this transfer condition was not treated as a departmental recovery and did not create an entitlement to refund. Consequently, a refund claim for Modvat credit reversed on inputs used in exported goods was not maintainable where the reversal enabled lawful transfer of the DEEC licence. 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 Transfer of a DEEC licence under Notification No. 204/92-Cus. was restricted where exported goods were manufactured using inputs on which Modvat credit had been availed. Condition No. vi required reversal of the credit before the licence could be validly sold or transferred. Credit reversed to comply with this transfer condition was not treated as a departmental recovery and did not create an entitlement to refund. Consequently, a refund claim for Modvat credit reversed on inputs used in exported goods was not maintainable where the reversal enabled lawful transfer of the DEEC licence. Case-Laws Central Excise Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94559