https://www.taxtmi.com/caselaws?id=114803 Opting for small scale industry exemption caused the credit balance in RG 23A Part II to lapse, so a later reversal from that account was ineffective because the balance no longer existed. Rule 57H(7) required reversal of credit relatable to inputs in stock or finished goods, but the subsequent debit through PLA did not create a refundable excess merely because the aggregate reversals exceeded the amount required. Refund was therefore not admissible, as no refundable balance survived after the lapse of credit. en-us Wed, 03 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 12:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114803 Opting for small scale industry exemption caused the credit balance in RG 23A Part II to lapse, so a later reversal from that account was ineffective because the balance no longer existed. Rule 57H(7) required reversal of credit relatable to inputs in stock or finished goods, but the subsequent debit through PLA did not create a refundable excess merely because the aggregate reversals exceeded the amount required. Refund was therefore not admissible, as no refundable balance survived after the lapse of credit. Case-Laws Central Excise Wed, 03 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114803