2004 (11) TMI 421

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....idhan Chandra, JDR, for the Respondent. [Order]. - The appeal is directed against the order of Commissioner (A) Central Excise Nasik. The issue relates to admissibility of refund. The facts are as follows. The appellant was availing of the benefit of SSI exemption during each financial year and after crossing the exemption limit the appellant used to pay Central Excise duty on value of clear....

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..... 44336/- is refundable to him. 2. The Commissioner held that as per Rule 57H the reversal has to be made on the date on which option to revert to Notification No. 8/98 and if no such reversal is made the credit lying in the balance would lapse. Admittedly the appellant reversed the credit of Rs. 44336/- after the crucial date envisaged in Rule 57H which means that the appellant was revers....