https://www.taxtmi.com/caselaws?id=114225 Refund of deemed Modvat credit was held inadmissible where the manufacturer did not use the accumulated credit to pay duty on clearances for home consumption or export. The Tribunal noted that the credit could have been utilised for such duty payment, and alleged verbal instructions did not create any exception under Notification No. 29/96-C.E. dated 03.09.1996. Because the notification did not provide for refund when the manufacturer chose not to exhaust the credit for duty discharge, the scheme's condition remained unfulfilled. The refund claim was therefore rejected in law. en-us Mon, 01 Dec 2003 00:00:00 +0530 Sat, 12 May 2012 13:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114225 Refund of deemed Modvat credit was held inadmissible where the manufacturer did not use the accumulated credit to pay duty on clearances for home consumption or export. The Tribunal noted that the credit could have been utilised for such duty payment, and alleged verbal instructions did not create any exception under Notification No. 29/96-C.E. dated 03.09.1996. Because the notification did not provide for refund when the manufacturer chose not to exhaust the credit for duty discharge, the scheme's condition remained unfulfilled. The refund claim was therefore rejected in law. Case-Laws Central Excise Mon, 01 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114225