https://www.taxtmi.com/caselaws?id=96097 Rule 57H(7) applies only where an assessee moves from the Modvat scheme to an exemption-based scheme and must reverse credit on inputs in stock at the date of switch-over. A shift from Modvat to the Compounded Levy Scheme under Section 3A is not such an exemption scheme, so reversal under Rule 57H(7) was prima facie not attracted. On that basis, the demand based on Rule 57H(7) was treated as unsustainable at the interim stage, and the assessee was found to have a strong prima facie case for waiver of pre-deposit and stay of recovery. en-us Fri, 16 Mar 2001 00:00:00 +0530 Sat, 17 Dec 2011 12:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96097 Rule 57H(7) applies only where an assessee moves from the Modvat scheme to an exemption-based scheme and must reverse credit on inputs in stock at the date of switch-over. A shift from Modvat to the Compounded Levy Scheme under Section 3A is not such an exemption scheme, so reversal under Rule 57H(7) was prima facie not attracted. On that basis, the demand based on Rule 57H(7) was treated as unsustainable at the interim stage, and the assessee was found to have a strong prima facie case for waiver of pre-deposit and stay of recovery. Case-Laws Central Excise Fri, 16 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96097