https://www.taxtmi.com/caselaws?id=50549 A payment made under Rule 57CC is a distinct statutory reversal amount, not Modvat credit on inputs or capital goods, so the documentation requirements for Modvat credit and the refund conditions in Section 11B do not apply. The absence of duty-paying documents or a formal refund claim cannot, by itself, justify denial of reversal. A circular clarifying that Rule 57CC had no application merely states the existing law and cannot be limited to pending matters only. On that basis, the demand and penalty were not sustainable, and the assessee was entitled to reversal of the amount paid. en-us Mon, 26 Feb 2001 00:00:00 +0530 Mon, 23 Aug 2010 13:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50549 A payment made under Rule 57CC is a distinct statutory reversal amount, not Modvat credit on inputs or capital goods, so the documentation requirements for Modvat credit and the refund conditions in Section 11B do not apply. The absence of duty-paying documents or a formal refund claim cannot, by itself, justify denial of reversal. A circular clarifying that Rule 57CC had no application merely states the existing law and cannot be limited to pending matters only. On that basis, the demand and penalty were not sustainable, and the assessee was entitled to reversal of the amount paid. Case-Laws Central Excise Mon, 26 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50549