https://www.taxtmi.com/caselaws?id=46542 An unchallenged order permitting transfer of unutilised Modvat credit under Rule 57AF(1) and (2) attained finality, so the department could not later impose a contrary condition that such transfer was valid only if inputs or goods were also transferred. The petitioners' transfer and availment of credit was held to be in accordance with the subsisting order, and no contravention justifying penal action was made out. The show cause notice proposing penalty was therefore quashed in favour of the assessees. en-us Mon, 05 Aug 2002 00:00:00 +0530 Thu, 22 Jul 2010 13:30:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46542 An unchallenged order permitting transfer of unutilised Modvat credit under Rule 57AF(1) and (2) attained finality, so the department could not later impose a contrary condition that such transfer was valid only if inputs or goods were also transferred. The petitioners' transfer and availment of credit was held to be in accordance with the subsisting order, and no contravention justifying penal action was made out. The show cause notice proposing penalty was therefore quashed in favour of the assessees. Case-Laws Central Excise Mon, 05 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46542