https://www.taxtmi.com/caselaws?id=3112 Modvat credit could not be made to lapse under the Compounded Levy Scheme where the assessee was excluded by the amended notification and was therefore not required to operate under Section 3A of the Central Excise Act, 1944. The lapse provision applied only to assessees actually governed by that scheme; since duty was ultimately paid under the normal procedure under Section 3, the statutory condition for lapsing of credit was not attracted. The demand was therefore unsustainable, and the order under challenge was set aside. en-us Thu, 26 Jul 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3112 Modvat credit could not be made to lapse under the Compounded Levy Scheme where the assessee was excluded by the amended notification and was therefore not required to operate under Section 3A of the Central Excise Act, 1944. The lapse provision applied only to assessees actually governed by that scheme; since duty was ultimately paid under the normal procedure under Section 3, the statutory condition for lapsing of credit was not attracted. The demand was therefore unsustainable, and the order under challenge was set aside. Case-Laws Central Excise Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3112