https://www.taxtmi.com/caselaws?id=113998 Modvat credit validly taken on duty-paid inputs cannot be reversed or recovered merely because an SSI exemption notification was breached. Where the exemption was improperly continued beyond its prescribed limit, the appropriate consequence is duty liability on finished goods cleared in violation of the notification. Credit remains available where it was taken under the Modvat Credit Rules and was not utilised to discharge duty during the exemption period. Denial of such credit is therefore unsustainable; enforcement should address the exemption breach rather than recover otherwise valid input credit. 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 Modvat credit validly taken on duty-paid inputs cannot be reversed or recovered merely because an SSI exemption notification was breached. Where the exemption was improperly continued beyond its prescribed limit, the appropriate consequence is duty liability on finished goods cleared in violation of the notification. Credit remains available where it was taken under the Modvat Credit Rules and was not utilised to discharge duty during the exemption period. Denial of such credit is therefore unsustainable; enforcement should address the exemption breach rather than recover otherwise valid input credit. Case-Laws Central Excise Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113998