https://www.taxtmi.com/caselaws?id=109930 Reversal of credit on clearance of inputs as such under Rule 57F(1)(ii) satisfies the reversal obligation, but it does not change the legal character of the duty components originally paid. Basic duty and Special Excise Duty remain distinct, so only the component admissible under the Modvat scheme can be credited. The Special Excise Duty component could not be recharacterised as basic duty merely because credit was reversed, and the cited authorities did not support such conversion. The denial of Modvat credit for that component was therefore upheld. en-us Fri, 26 Sep 2003 00:00:00 +0530 Thu, 12 Apr 2012 18:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109930 Reversal of credit on clearance of inputs as such under Rule 57F(1)(ii) satisfies the reversal obligation, but it does not change the legal character of the duty components originally paid. Basic duty and Special Excise Duty remain distinct, so only the component admissible under the Modvat scheme can be credited. The Special Excise Duty component could not be recharacterised as basic duty merely because credit was reversed, and the cited authorities did not support such conversion. The denial of Modvat credit for that component was therefore upheld. Case-Laws Central Excise Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109930