https://www.taxtmi.com/caselaws?id=109043 Recovery under Rule 57CC for credit taken on inputs used in both exempted and dutiable manufacture requires an express statutory machinery provision; legislative intent alone does not establish a recoverable demand. Although Board instructions required reversal of credit, the reversable quantum had not been determined or verified from the available record. Interim protection from deposit, penalties and recovery was made conditional on reversal of a quantified credit amount in the Modvat account. The central principle is that credit attributable to exempt manufacture cannot be recovered without a specific statutory recovery mechanism, while interim relief may be linked to credit reversal where quantification remains uncertain. en-us Thu, 24 Jul 2003 00:00:00 +0530 Thu, 05 Apr 2012 16:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109043 Recovery under Rule 57CC for credit taken on inputs used in both exempted and dutiable manufacture requires an express statutory machinery provision; legislative intent alone does not establish a recoverable demand. Although Board instructions required reversal of credit, the reversable quantum had not been determined or verified from the available record. Interim protection from deposit, penalties and recovery was made conditional on reversal of a quantified credit amount in the Modvat account. The central principle is that credit attributable to exempt manufacture cannot be recovered without a specific statutory recovery mechanism, while interim relief may be linked to credit reversal where quantification remains uncertain. Case-Laws Central Excise Thu, 24 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109043