https://www.taxtmi.com/caselaws?id=44650 Modvat credit under Rules 57A to 57G is provisional and can be reversed where the final product becomes exempt or liable to nil duty, because credit is available only for payment of duty on dutiable final products. Where credit is wrongly or no longer available, Rules 57C and 57I contemplate reversal, recovery, or adjustment, so a debit in the personal ledger account made in compliance with that scheme is not an unauthorised payment. A refund claim arising from such reversal remains subject to the six-month limitation in Section 11B, and a belated claim is barred. en-us Mon, 13 Jan 1997 00:00:00 +0530 Fri, 02 Jul 2010 16:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44650 Modvat credit under Rules 57A to 57G is provisional and can be reversed where the final product becomes exempt or liable to nil duty, because credit is available only for payment of duty on dutiable final products. Where credit is wrongly or no longer available, Rules 57C and 57I contemplate reversal, recovery, or adjustment, so a debit in the personal ledger account made in compliance with that scheme is not an unauthorised payment. A refund claim arising from such reversal remains subject to the six-month limitation in Section 11B, and a belated claim is barred. Case-Laws Central Excise Mon, 13 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44650