https://www.taxtmi.com/caselaws?id=50034 Modvat credit under Rule 57F(7) was transferable only if it was unutilised and lying in RG 23A on the relevant date of closure or change of site; credit taken after the Bangalore unit had already closed could not satisfy that condition, so transfer was inadmissible. Rule 57E allowed adjustment by additional credit when duty on inputs was subsequently varied, but it did not authorise cash refund of the differential credit, so refund in cash was also inadmissible. en-us Fri, 08 Dec 2000 00:00:00 +0530 Thu, 19 Aug 2010 13:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50034 Modvat credit under Rule 57F(7) was transferable only if it was unutilised and lying in RG 23A on the relevant date of closure or change of site; credit taken after the Bangalore unit had already closed could not satisfy that condition, so transfer was inadmissible. Rule 57E allowed adjustment by additional credit when duty on inputs was subsequently varied, but it did not authorise cash refund of the differential credit, so refund in cash was also inadmissible. Case-Laws Central Excise Fri, 08 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50034