https://www.taxtmi.com/caselaws?id=50740 Modvat credit recovery under Rule 57-I requires verified facts establishing receipt of inputs, actual availment of credit, and the basis for any reversal. Recovery cannot rest on assumptions that disputed inputs were received or that credit was taken. Inputs remaining unused in stock do not by themselves justify a demand, and duty already paid when unusable inputs are cleared must be accounted for. Where these factual matters remain unverified, a demand of credit and related penalty lacks a sustainable factual and legal basis. en-us Thu, 23 Aug 2001 00:00:00 +0530 Fri, 03 Sep 2010 10:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50740 Modvat credit recovery under Rule 57-I requires verified facts establishing receipt of inputs, actual availment of credit, and the basis for any reversal. Recovery cannot rest on assumptions that disputed inputs were received or that credit was taken. Inputs remaining unused in stock do not by themselves justify a demand, and duty already paid when unusable inputs are cleared must be accounted for. Where these factual matters remain unverified, a demand of credit and related penalty lacks a sustainable factual and legal basis. Case-Laws Central Excise Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50740