Reversal of Modvat credit under Rule 57-I (1) Instructions - Regarding

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....ing. I am directed to refer to the provisions contained in Rule 57-I (1) of Central Excise Rules, 1944 under which it has been provided that in case of wrong availment of Modvat credit on inputs, credit so taken may be disallowed by the proper officer by adjustment in credit account or account current and if such adjustment is not possible for any reason, by a cash recovery from the manufacturer.....