Credit eligibility on payment made from earned money credit was upheld, and the Revenue's demand was rejected.

Payment made out of money credit earned by the assessee was treated as duty for the purpose of availing credit, following the Tribunal's earlier ruling in the assessee's own case. On that basis, the challenge to the credit eligibility issue failed, and the Revenue's demand did not call for interference. The Revenue's appeals were therefore rejected and the impugned orders were upheld in favour of the assessee.

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Issues: Whether payment made out of money credit earned by the assessee could be treated as duty for the purpose of availing credit, and whether the Revenue's demand was liable to be interfered with.

Analysis: The Tribunal noted that the basic issue of eligibility to credit had already been decided in the assessee's own case, where it had been held that payment made out of money credit earned by the assessee also constituted duty for the purpose of taking credit. On that basis, the demand raised in the present appeals did not warrant interference.

Conclusion: The Revenue's appeals were rejected and the orders were upheld in favour of the assessee.

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