https://www.taxtmi.com/caselaws?id=116197 Refund was held inadmissible where Modvat credit on inputs used in semi-finished goods had been reversed after the goods were written off in the books. The Tribunal accepted that, under the applicable Board circular dated 22-2-1995, written-off materials require reversal of the corresponding credit and do not give rise to a surviving refund claim. The rejection of refund was therefore sustained, with the appeal failing on the basis that the reversal was made in accordance with the circular. en-us Tue, 29 Mar 2005 00:00:00 +0530 Fri, 08 Jun 2012 17:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116197 Refund was held inadmissible where Modvat credit on inputs used in semi-finished goods had been reversed after the goods were written off in the books. The Tribunal accepted that, under the applicable Board circular dated 22-2-1995, written-off materials require reversal of the corresponding credit and do not give rise to a surviving refund claim. The rejection of refund was therefore sustained, with the appeal failing on the basis that the reversal was made in accordance with the circular. Case-Laws Central Excise Tue, 29 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116197