https://www.taxtmi.com/caselaws?id=53558 Refund of accumulated deemed Modvat credit and the unutilised Personal Ledger Account balance was permissible where the manufacturer had sought cancellation of registration and therefore could not use the credit for future duty payment. The notification applied to situations in which the assessee was not in a position to utilise the credit for clearance of goods, and the factual request for cancellation showed that the accumulated credit had no further practical use. On that basis, the refund conditions were treated as satisfied, the sanction of refund was upheld, and the Revenue's challenge failed. en-us Wed, 03 Nov 2004 00:00:00 +0530 Wed, 13 Oct 2010 18:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53558 Refund of accumulated deemed Modvat credit and the unutilised Personal Ledger Account balance was permissible where the manufacturer had sought cancellation of registration and therefore could not use the credit for future duty payment. The notification applied to situations in which the assessee was not in a position to utilise the credit for clearance of goods, and the factual request for cancellation showed that the accumulated credit had no further practical use. On that basis, the refund conditions were treated as satisfied, the sanction of refund was upheld, and the Revenue's challenge failed. Case-Laws Central Excise Wed, 03 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53558