https://www.taxtmi.com/caselaws?id=53471 Where MODVAT credit on inputs had already lapsed after withdrawal of the facility for notified goods and a shift to the compounded levy scheme, no duty could thereafter be demanded on inputs lying in stock. The applicable rule treated the unutilised balance credit as lapsed from the notified date, so the department had no basis to recover duty in respect of those inputs. The matter was treated as covered by the same principle applied in earlier similar situations, and the demand was held unsustainable in favour of the assessee. en-us Fri, 15 Oct 2004 00:00:00 +0530 Wed, 13 Oct 2010 15:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53471 Where MODVAT credit on inputs had already lapsed after withdrawal of the facility for notified goods and a shift to the compounded levy scheme, no duty could thereafter be demanded on inputs lying in stock. The applicable rule treated the unutilised balance credit as lapsed from the notified date, so the department had no basis to recover duty in respect of those inputs. The matter was treated as covered by the same principle applied in earlier similar situations, and the demand was held unsustainable in favour of the assessee. Case-Laws Central Excise Fri, 15 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53471