https://www.taxtmi.com/caselaws?id=97781 The tribunal upheld the disallowance of Modvat credit under Rule 57-I of the Central Excise Rules, 1944, due to the excess credit availed by the appellants beyond the duty paid on inputs. The tribunal also clarified the limited retrospective applicability of the C.B.E.C. Circular No. 486/52/99-CX scheme, directing the appellants to repay the excess duty amount as confirmed by a specified deadline. en-us Thu, 22 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97781 The tribunal upheld the disallowance of Modvat credit under Rule 57-I of the Central Excise Rules, 1944, due to the excess credit availed by the appellants beyond the duty paid on inputs. The tribunal also clarified the limited retrospective applicability of the C.B.E.C. Circular No. 486/52/99-CX scheme, directing the appellants to repay the excess duty amount as confirmed by a specified deadline. Case-Laws Central Excise Thu, 22 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97781