https://www.taxtmi.com/caselaws?id=112906 An amount required to be debited under a credit reversal provision is not recoverable as duty or Modvat credit where the Act or Rules contain no express machinery for recovery. The Tribunal applied its earlier ruling and held that, even if the department had computed the amount on an incorrect price base, the legal character of the debit did not change. Recovery, interest and penalty were therefore not sustainable, and the departmental order was set aside. en-us Tue, 24 Feb 2004 00:00:00 +0530 Wed, 02 May 2012 15:41:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112906 An amount required to be debited under a credit reversal provision is not recoverable as duty or Modvat credit where the Act or Rules contain no express machinery for recovery. The Tribunal applied its earlier ruling and held that, even if the department had computed the amount on an incorrect price base, the legal character of the debit did not change. Recovery, interest and penalty were therefore not sustainable, and the departmental order was set aside. Case-Laws Central Excise Tue, 24 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112906