https://www.taxtmi.com/caselaws?id=220704 A refund claim for accumulated Modvat credit cannot be defeated by limitation where entitlement to the underlying credit is still under adjudication, because the refund is not independent of the main credit determination. The text also states that the rule corresponding to Rule 57F(17) cannot be applied to extinguish vested rights already accrued to the assessee. The Tribunal's treatment of the credit quantum, including inputs in stock and in work-in-process, was accepted, and no substantial question of law was found on that aspect. On that basis, the Revenue's challenge failed and the relief to the assessee was left undisturbed. en-us Tue, 15 Jan 2013 00:00:00 +0530 Wed, 12 Apr 2017 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220704 A refund claim for accumulated Modvat credit cannot be defeated by limitation where entitlement to the underlying credit is still under adjudication, because the refund is not independent of the main credit determination. The text also states that the rule corresponding to Rule 57F(17) cannot be applied to extinguish vested rights already accrued to the assessee. The Tribunal's treatment of the credit quantum, including inputs in stock and in work-in-process, was accepted, and no substantial question of law was found on that aspect. On that basis, the Revenue's challenge failed and the relief to the assessee was left undisturbed. Case-Laws Central Excise Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220704