https://www.taxtmi.com/caselaws?id=113998 The Tribunal set aside the decision denying Modvat credit to the appellants for availing SSI exemption, ruling that the credit could not be reversed solely based on exemption violation without proper justification. The appellants were found not liable to reverse the credit as they had not utilized it for duty discharge until surpassing the SSI exemption limit. The Tribunal held that the Modvat credit, taken in accordance with the rules, could not be denied without valid grounds. As a result, the appeal was allowed, providing relief to the appellants as per the law. en-us Fri, 16 Jul 2004 00:00:00 +0530 Wed, 09 May 2012 17:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113998 The Tribunal set aside the decision denying Modvat credit to the appellants for availing SSI exemption, ruling that the credit could not be reversed solely based on exemption violation without proper justification. The appellants were found not liable to reverse the credit as they had not utilized it for duty discharge until surpassing the SSI exemption limit. The Tribunal held that the Modvat credit, taken in accordance with the rules, could not be denied without valid grounds. As a result, the appeal was allowed, providing relief to the appellants as per the law. Case-Laws Central Excise Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113998