https://www.taxtmi.com/caselaws?id=436578 MODVAT credit taken on bulk Chloropyriphos repacked into retail packs and cleared on payment of excise duty did not require further reversal where the process was treated as not amounting to manufacture. The duty paid on clearance, accepted by the department, exceeded the credit availed on the input, so the payment of duty operated as reversal of the earlier credit. In these revenue-neutral circumstances, the demand for reversal could not be sustained, and the credit was held to be properly retained. en-us Thu, 13 Apr 2023 00:00:00 +0530 Mon, 17 Apr 2023 08:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436578 MODVAT credit taken on bulk Chloropyriphos repacked into retail packs and cleared on payment of excise duty did not require further reversal where the process was treated as not amounting to manufacture. The duty paid on clearance, accepted by the department, exceeded the credit availed on the input, so the payment of duty operated as reversal of the earlier credit. In these revenue-neutral circumstances, the demand for reversal could not be sustained, and the credit was held to be properly retained. Case-Laws Central Excise Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436578