https://www.taxtmi.com/caselaws?id=116541 Refund of Modvat credit reversed under protest was treated as admissible because the credit, if considered inadmissible, had to be objected to and disallowed by show cause notice within the prescribed period. The Tribunal found no such notice had been issued and declined to interfere with the appellate order granting refund. It also rejected the Revenue's contention that an assessee could not claim exemption under Notification No. 8/96-C.E. while availing Modvat credit. The operative effect was that the refund remained allowable on the facts stated. en-us Mon, 19 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 13:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116541 Refund of Modvat credit reversed under protest was treated as admissible because the credit, if considered inadmissible, had to be objected to and disallowed by show cause notice within the prescribed period. The Tribunal found no such notice had been issued and declined to interfere with the appellate order granting refund. It also rejected the Revenue's contention that an assessee could not claim exemption under Notification No. 8/96-C.E. while availing Modvat credit. The operative effect was that the refund remained allowable on the facts stated. Case-Laws Central Excise Mon, 19 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116541