https://www.taxtmi.com/caselaws?id=255426 Rule 57F(13) addresses exports under bond without payment of duty, while Rule 12 concerns rebate on exports made on payment of duty. Where specified duty-paid input credit cannot be adjusted against domestic clearances or exports on payment of duty, the rule permits refund of accumulated Modvat credit, subject to prescribed safeguards and the relevant notification. The provision is therefore directed to manufacturers exporting under bond who remain unable to utilise the credit for their duty liabilities, and the refund mechanism operates only within the conditions stated in the rule and notification. 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 Rule 57F(13) addresses exports under bond without payment of duty, while Rule 12 concerns rebate on exports made on payment of duty. Where specified duty-paid input credit cannot be adjusted against domestic clearances or exports on payment of duty, the rule permits refund of accumulated Modvat credit, subject to prescribed safeguards and the relevant notification. The provision is therefore directed to manufacturers exporting under bond who remain unable to utilise the credit for their duty liabilities, and the refund mechanism operates only within the conditions stated in the rule and notification. Case-Laws Central Excise Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255426