https://www.taxtmi.com/caselaws?id=104609 Modvat credit could be used to discharge short-paid excise duty for an earlier period, because Rule 57A allows specified duty credit to be utilised for payment of duty on final products without limiting use to the period in which the liability arose. Payment through debit in the Modvat account was treated as legally equivalent to payment through the PLA, so insistence on cash payment had no legal basis. The availability of credit when the short levy was made good was therefore sufficient, absent an express restriction in the rule. en-us Wed, 12 Sep 2001 00:00:00 +0530 Wed, 29 Feb 2012 17:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104609 Modvat credit could be used to discharge short-paid excise duty for an earlier period, because Rule 57A allows specified duty credit to be utilised for payment of duty on final products without limiting use to the period in which the liability arose. Payment through debit in the Modvat account was treated as legally equivalent to payment through the PLA, so insistence on cash payment had no legal basis. The availability of credit when the short levy was made good was therefore sufficient, absent an express restriction in the rule. Case-Laws Central Excise Wed, 12 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104609