https://www.taxtmi.com/caselaws?id=332579 Refund of accumulated Modvat credit was unavailable where the final product became exempt but the accumulation was not linked to export of goods, because no applicable statutory provision supported such refund and Rule 57F(3) read with Notification No. 85/87-CE applied only to inputs used in goods cleared for export under bond. The refund claim also failed on limitation, as it was filed nearly ten years after the relevant date and no legal basis was shown to bypass the statutory time limit under Section 11B. The rejection of the refund was therefore sustained. en-us Fri, 02 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332579 Refund of accumulated Modvat credit was unavailable where the final product became exempt but the accumulation was not linked to export of goods, because no applicable statutory provision supported such refund and Rule 57F(3) read with Notification No. 85/87-CE applied only to inputs used in goods cleared for export under bond. The refund claim also failed on limitation, as it was filed nearly ten years after the relevant date and no legal basis was shown to bypass the statutory time limit under Section 11B. The rejection of the refund was therefore sustained. Case-Laws Central Excise Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332579