https://www.taxtmi.com/caselaws?id=111593 Modvat credit was held inadmissible on a deposit made to return excess rebate, because the amount was not duty on inputs used in or in relation to manufacture of final products. The assessee had not challenged the original direction to make the deposit, so its correctness could not be questioned in the credit dispute. In the absence of any provision treating such a deposit as eligible duty for Modvat purposes, the claim failed under the Modvat scheme and the credit disallowance was upheld. en-us Thu, 22 Apr 2004 00:00:00 +0530 Tue, 24 Apr 2012 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111593 Modvat credit was held inadmissible on a deposit made to return excess rebate, because the amount was not duty on inputs used in or in relation to manufacture of final products. The assessee had not challenged the original direction to make the deposit, so its correctness could not be questioned in the credit dispute. In the absence of any provision treating such a deposit as eligible duty for Modvat purposes, the claim failed under the Modvat scheme and the credit disallowance was upheld. Case-Laws Central Excise Thu, 22 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111593