https://www.taxtmi.com/caselaws?id=53142 Reversal of Modvat credit attributable to inputs used in exempted final products prevents the credit from being treated as continued availment for the relevant period. On that basis, a demand under Rule 57CC of the Central Excise Rules, premised on such continued credit, was not sustainable where the assessee had already debited the credit in RG-23A Part-II. The cited circulars and precedents supported the view that once the attributable credit was reversed, recovery under Rule 57CC could not be maintained, and the impugned demand was set aside. en-us Wed, 31 Mar 2004 00:00:00 +0530 Mon, 11 Oct 2010 12:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53142 Reversal of Modvat credit attributable to inputs used in exempted final products prevents the credit from being treated as continued availment for the relevant period. On that basis, a demand under Rule 57CC of the Central Excise Rules, premised on such continued credit, was not sustainable where the assessee had already debited the credit in RG-23A Part-II. The cited circulars and precedents supported the view that once the attributable credit was reversed, recovery under Rule 57CC could not be maintained, and the impugned demand was set aside. Case-Laws Central Excise Wed, 31 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53142