https://www.taxtmi.com/caselaws?id=220757 Modvat credit linked to exported goods was treated as carrying an independent refund entitlement where adjustment was not possible, and limitation under Section 11B was held to run only from the point when non-adjustability became finally clear, not from the introduction of the lapsing rule. Disallowance of credit for inputs contained in work in progress and in shop-made forgings and springs was rejected because the quantification lacked adequate factual basis. The disallowance relating to inputs in stock was not finally decided and was remitted for fresh arithmetical verification and limited reconsideration on computation. en-us Fri, 16 Sep 2011 00:00:00 +0530 Fri, 08 Feb 2013 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220757 Modvat credit linked to exported goods was treated as carrying an independent refund entitlement where adjustment was not possible, and limitation under Section 11B was held to run only from the point when non-adjustability became finally clear, not from the introduction of the lapsing rule. Disallowance of credit for inputs contained in work in progress and in shop-made forgings and springs was rejected because the quantification lacked adequate factual basis. The disallowance relating to inputs in stock was not finally decided and was remitted for fresh arithmetical verification and limited reconsideration on computation. Case-Laws Central Excise Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220757