https://www.taxtmi.com/caselaws?id=53334 Unutilised Modvat credit attributable to inputs used in exported goods was treated as refundable where the credit remained accumulated and could not be effectively adjusted against duty on final products. The discussion applies Notification No. 29/96-C.E. (N.T.), Rule 57F of the Central Excise Rules and Section 11B of the Central Excise Act to the effect that substantive refund entitlement is not defeated merely because the assessee might have used the credit for home clearances or because procedural requirements were imperfectly complied with. The key point is that, where the statutory conditions are otherwise satisfied and the credit is linked to exported goods, procedural irregularities do not bar refund. en-us Tue, 06 Jul 2004 00:00:00 +0530 Tue, 12 Oct 2010 16:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53334 Unutilised Modvat credit attributable to inputs used in exported goods was treated as refundable where the credit remained accumulated and could not be effectively adjusted against duty on final products. The discussion applies Notification No. 29/96-C.E. (N.T.), Rule 57F of the Central Excise Rules and Section 11B of the Central Excise Act to the effect that substantive refund entitlement is not defeated merely because the assessee might have used the credit for home clearances or because procedural requirements were imperfectly complied with. The key point is that, where the statutory conditions are otherwise satisfied and the credit is linked to exported goods, procedural irregularities do not bar refund. Case-Laws Central Excise Tue, 06 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53334