https://www.taxtmi.com/caselaws?id=255426 The High Court upheld the Tribunal's decision, affirming that the manufacturer/exporter was entitled to a refund of Modvat credit under Rule 57F(13) for inputs used in goods exported, even if the credit was not utilized for duty payment on goods cleared for export or home consumption. The Court clarified that the mandate to allow credit utilization was on the revenue, not the assessee. The Court found the Tribunal's interpretation correct, dismissing the revenue's appeal as the Tribunal's findings were deemed lawful and not perverse. en-us Thu, 03 Jul 2014 00:00:00 +0530 Thu, 15 Jan 2015 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255426 The High Court upheld the Tribunal's decision, affirming that the manufacturer/exporter was entitled to a refund of Modvat credit under Rule 57F(13) for inputs used in goods exported, even if the credit was not utilized for duty payment on goods cleared for export or home consumption. The Court clarified that the mandate to allow credit utilization was on the revenue, not the assessee. The Court found the Tribunal's interpretation correct, dismissing the revenue's appeal as the Tribunal's findings were deemed lawful and not perverse. Case-Laws Central Excise Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255426