https://www.taxtmi.com/caselaws?id=170712 Suo motu re-credit of Modvat/Cenvat credit earlier reversed is impermissible unless it is restored through the prescribed refund mechanism and with proper sanction. The commentary notes that unilateral re-entry of credit in the assessees account cannot be treated as a mere accounting adjustment where the statutory procedure for refund or restoration has not been followed. It further states that arguments based on the nature of the advance licences, or on alleged overreach beyond the show cause notice, do not validate the credit entry once the required excise-law process remains uncomplied with. en-us Fri, 15 Mar 2013 00:00:00 +0530 Tue, 02 Jun 2015 10:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170712 Suo motu re-credit of Modvat/Cenvat credit earlier reversed is impermissible unless it is restored through the prescribed refund mechanism and with proper sanction. The commentary notes that unilateral re-entry of credit in the assessees account cannot be treated as a mere accounting adjustment where the statutory procedure for refund or restoration has not been followed. It further states that arguments based on the nature of the advance licences, or on alleged overreach beyond the show cause notice, do not validate the credit entry once the required excise-law process remains uncomplied with. Case-Laws Central Excise Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170712