https://www.taxtmi.com/caselaws?id=459464 Unutilised MODVAT credit claimed as refund under the compounded levy scheme was linked to inputs used in the manufacture of exported goods. The Tribunal found that the goods were exported, the relevant inputs were so used, and the credit remained unutilised in the books, with no evidence breaking the nexus between the credit and the exports. On that factual basis, refund was not denied merely because the credit could have been utilised earlier. The High Court declined to interfere with those factual findings and held that no substantial question of law arose. en-us Tue, 09 Jan 2007 00:00:00 +0530 Sat, 14 Dec 2024 13:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459464 Unutilised MODVAT credit claimed as refund under the compounded levy scheme was linked to inputs used in the manufacture of exported goods. The Tribunal found that the goods were exported, the relevant inputs were so used, and the credit remained unutilised in the books, with no evidence breaking the nexus between the credit and the exports. On that factual basis, refund was not denied merely because the credit could have been utilised earlier. The High Court declined to interfere with those factual findings and held that no substantial question of law arose. Case-Laws Central Excise Tue, 09 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459464