https://www.taxtmi.com/caselaws?id=113944 The Tribunal dismissed both appeals by the Revenue challenging the refund of unutilised Modvat credits for exported goods. It upheld the decision of the CCE (Appeals) granting the refund based on Rule 57F(13) and found that the conditions of Notification 85/87-C.E. were met. The Tribunal emphasized the validity of the evidence provided by the respondents and highlighted the commercial logic behind their actions. The judgments underscored the significance of adhering to rules and notifications when granting refunds and supported the assessee's approach in seeking refunds of credits instead of paying duty in cash. en-us Fri, 25 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 13:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113944 The Tribunal dismissed both appeals by the Revenue challenging the refund of unutilised Modvat credits for exported goods. It upheld the decision of the CCE (Appeals) granting the refund based on Rule 57F(13) and found that the conditions of Notification 85/87-C.E. were met. The Tribunal emphasized the validity of the evidence provided by the respondents and highlighted the commercial logic behind their actions. The judgments underscored the significance of adhering to rules and notifications when granting refunds and supported the assessee's approach in seeking refunds of credits instead of paying duty in cash. Case-Laws Central Excise Fri, 25 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113944