https://www.taxtmi.com/caselaws?id=241213 Section 112 of the Finance Act, 2000 was treated as a validating and declaratory provision dealing with MODVAT credit wrongly availed on high speed diesel oil after earlier notifications had withdrawn that credit. The Court read the provision as authorising recovery of the impermissibly taken credit, together with interest if it was not returned within the stipulated period, and held that a fresh adjudication under Rule 57(I) was not required before recovery. The Revenue was therefore entitled to recover the wrongly availed amount with interest, and the High Court's contrary view was set aside. en-us Tue, 17 Dec 2013 00:00:00 +0530 Thu, 09 Jun 2016 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241213 Section 112 of the Finance Act, 2000 was treated as a validating and declaratory provision dealing with MODVAT credit wrongly availed on high speed diesel oil after earlier notifications had withdrawn that credit. The Court read the provision as authorising recovery of the impermissibly taken credit, together with interest if it was not returned within the stipulated period, and held that a fresh adjudication under Rule 57(I) was not required before recovery. The Revenue was therefore entitled to recover the wrongly availed amount with interest, and the High Court's contrary view was set aside. Case-Laws Central Excise Tue, 17 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241213