https://www.taxtmi.com/caselaws?id=51052 Remission of Central Excise duty on expired finished goods, coupled with permission to destroy those goods, did not justify reversal of Modvat credit on the inputs used in their manufacture. The Tribunal accepted that once duty on the finished goods had been remitted and destruction was permitted, the corresponding input credit could not be demanded back. A Board circular on the subject supported this position, and the manufacturer was therefore not required to reverse the Modvat credit. en-us Wed, 07 Mar 2001 00:00:00 +0530 Wed, 22 Sep 2010 13:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51052 Remission of Central Excise duty on expired finished goods, coupled with permission to destroy those goods, did not justify reversal of Modvat credit on the inputs used in their manufacture. The Tribunal accepted that once duty on the finished goods had been remitted and destruction was permitted, the corresponding input credit could not be demanded back. A Board circular on the subject supported this position, and the manufacturer was therefore not required to reverse the Modvat credit. Case-Laws Central Excise Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51052