https://www.taxtmi.com/caselaws?id=112106 Modvat credit on capital goods under Rules 57Q and 57T could be restored in the books once the adverse disallowance order was set aside in appeal. The earlier debit made by the assessee did not continue to operate against credit that the appellate authority had already allowed, even though part of the matter was remanded for de novo adjudication. The right to rebook the allowed credit arose immediately on setting aside of the original order, subject to any later adjustment if remand proceedings or a further departmental challenge produced a contrary result. en-us Fri, 21 May 2004 00:00:00 +0530 Thu, 26 Apr 2012 16:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112106 Modvat credit on capital goods under Rules 57Q and 57T could be restored in the books once the adverse disallowance order was set aside in appeal. The earlier debit made by the assessee did not continue to operate against credit that the appellate authority had already allowed, even though part of the matter was remanded for de novo adjudication. The right to rebook the allowed credit arose immediately on setting aside of the original order, subject to any later adjustment if remand proceedings or a further departmental challenge produced a contrary result. Case-Laws Central Excise Fri, 21 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112106