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of <h1>Government grants Rule 56A benefit for delayed license, sets aside denial of proforma credit.</h1> The revision application regarding the denial of proforma credit for receiving asbestos yarn was considered by the Government of India. The petitioners ... - The Government of India considered a revision application regarding the denial of proforma credit for receiving a consignment of asbestos yarn. The petitioners were granted the benefit of Rule 56A of the Central Excise Rules, 1944, despite the delay in obtaining the required license due to departmental delays. The order denying the benefit was set aside, and the revision application was allowed. (Case citation: 1980 (12) TMI 188 - GOVERNMENT OF INDIA)
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