https://www.taxtmi.com/caselaws?id=98024 Duty on clearance of duty-paid inputs after reversal of Modvat credit is governed by Rule 57F(2) read with the Modvat scheme under Rule 57A, and the appropriate duty is the duty originally paid when the inputs were first removed, not duty computed on the higher resale value. A subsequent sale at an enhanced price does not justify reassessment on that higher value. The impugned demand could not be sustained, and the assessee succeeded. en-us Tue, 11 Mar 1997 00:00:00 +0530 Wed, 18 Jan 2012 18:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98024 Duty on clearance of duty-paid inputs after reversal of Modvat credit is governed by Rule 57F(2) read with the Modvat scheme under Rule 57A, and the appropriate duty is the duty originally paid when the inputs were first removed, not duty computed on the higher resale value. A subsequent sale at an enhanced price does not justify reassessment on that higher value. The impugned demand could not be sustained, and the assessee succeeded. Case-Laws Central Excise Tue, 11 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98024