https://www.taxtmi.com/caselaws?id=105639 Modvat credit under Rule 57F(4) of the Central Excise Rules is unavailable to an assessee who has opted out of the Modvat scheme. The provision permitting utilisation or refund of credit for inputs used in export goods operates only within the scheme, so a taxpayer outside the scheme cannot invoke it to claim credit on exported products. The appropriate remedy, if available, lies under the separate rebate provisions of the Central Excise Rules rather than under Rule 57F(4). en-us Mon, 18 Feb 2002 00:00:00 +0530 Tue, 06 Mar 2012 17:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105639 Modvat credit under Rule 57F(4) of the Central Excise Rules is unavailable to an assessee who has opted out of the Modvat scheme. The provision permitting utilisation or refund of credit for inputs used in export goods operates only within the scheme, so a taxpayer outside the scheme cannot invoke it to claim credit on exported products. The appropriate remedy, if available, lies under the separate rebate provisions of the Central Excise Rules rather than under Rule 57F(4). Case-Laws Central Excise Mon, 18 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105639