2005 (8) TMI 276 - AT - Central Excise

Summary

The appellate tribunal allowed the appeal for recredit/refund of excess amounts reversed in Modvat registers for DEEC benefits under Customs Act notification. The rejection of the application based on Section 11B time-bar was not upheld as it does not apply to credit reversals not under Central Excise Act provisions. The recredits can be made suo motu by the assessee to maintain account order. The appeal was allowed, directing the assessee to make the necessary credit entry in the registers.