https://www.taxtmi.com/caselaws?id=50357 Prior reversal of Modvat credit on inputs removes the basis for liability under Rules 57C and 57CC when the relevant intermediate product is cleared. Rule 57C addresses exempt or nil-rated final products, while Rule 57CC applies where common inputs are used for dutiable and exempt clearances. Where no input credit remains retained at the time of clearance because it has already been reversed, a further demand under either rule would impose an unwarranted double recovery. Consequently, a Rule 57CC demand founded solely on use of the inputs is unsustainable after advance reversal of the corresponding Modvat credit. en-us Thu, 30 Nov 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50357 Prior reversal of Modvat credit on inputs removes the basis for liability under Rules 57C and 57CC when the relevant intermediate product is cleared. Rule 57C addresses exempt or nil-rated final products, while Rule 57CC applies where common inputs are used for dutiable and exempt clearances. Where no input credit remains retained at the time of clearance because it has already been reversed, a further demand under either rule would impose an unwarranted double recovery. Consequently, a Rule 57CC demand founded solely on use of the inputs is unsustainable after advance reversal of the corresponding Modvat credit. Case-Laws Central Excise Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50357