https://www.taxtmi.com/caselaws?id=269433 A later Tribunal decision allowing MODVAT credit on felts and wires did not revive an assessee's claim for the earlier closed period, because the prior denial of credit had already attained finality between the parties. The declaration under Rule 57G operated only from acknowledgment for availing credit and was not a claim for retrospective refund or past-period credit. The notice under Rule 57I was based on wrongful availment, and the settled principle of finality barred reopening the concluded adjudication. Any refund or recovery had to be pursued through the statutory mechanism, not by treating the later ruling as retrospectively altering the earlier dispute. en-us Thu, 13 Aug 2015 00:00:00 +0530 Thu, 25 Feb 2016 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269433 A later Tribunal decision allowing MODVAT credit on felts and wires did not revive an assessee's claim for the earlier closed period, because the prior denial of credit had already attained finality between the parties. The declaration under Rule 57G operated only from acknowledgment for availing credit and was not a claim for retrospective refund or past-period credit. The notice under Rule 57I was based on wrongful availment, and the settled principle of finality barred reopening the concluded adjudication. Any refund or recovery had to be pursued through the statutory mechanism, not by treating the later ruling as retrospectively altering the earlier dispute. Case-Laws Central Excise Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269433