https://www.taxtmi.com/caselaws?id=126556 The Tribunal allowed the appeal, setting aside the disallowance of Modvat credit. Despite the appellant's insistence on cash refund, the Tribunal rejected the claim, noting the debit entry was not in accordance with the law. Refund in cash was deemed unjustified as the appellant had not suffered any prejudice due to the debit, which would have lapsed with the unutilized credit balance. The Tribunal advised a reverse entry in the records but ultimately rejected the appeal based on legal principles and precedents. en-us Wed, 29 Jul 2009 00:00:00 +0530 Thu, 22 Nov 2012 11:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126556 The Tribunal allowed the appeal, setting aside the disallowance of Modvat credit. Despite the appellant's insistence on cash refund, the Tribunal rejected the claim, noting the debit entry was not in accordance with the law. Refund in cash was deemed unjustified as the appellant had not suffered any prejudice due to the debit, which would have lapsed with the unutilized credit balance. The Tribunal advised a reverse entry in the records but ultimately rejected the appeal based on legal principles and precedents. Case-Laws Central Excise Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126556