https://www.taxtmi.com/caselaws?id=115012 Modvat credit was not available on countervailing duty discharged by debiting the DEPB pass book for imports made before the Cenvat Credit Rules, 2002 came into force. The Tribunal applied Larger Bench authority to hold that additional customs duty paid through DEPB adjustment did not qualify for credit during the relevant period from 24-9-1998 to 12-10-1998. The credit claimed on such CVD was therefore legally inadmissible, and the Revenue's challenge succeeded. en-us Fri, 31 Dec 2004 00:00:00 +0530 Wed, 23 May 2012 10:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115012 Modvat credit was not available on countervailing duty discharged by debiting the DEPB pass book for imports made before the Cenvat Credit Rules, 2002 came into force. The Tribunal applied Larger Bench authority to hold that additional customs duty paid through DEPB adjustment did not qualify for credit during the relevant period from 24-9-1998 to 12-10-1998. The credit claimed on such CVD was therefore legally inadmissible, and the Revenue's challenge succeeded. Case-Laws Central Excise Fri, 31 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115012