https://www.taxtmi.com/caselaws?id=69484 Deemed credit under the exemption-based credit scheme is treated on par with actual credit for taking, utilising and refunding credit, so a refund arising after utilisation may attract the prescribed limitation period. However, credit accumulated from exports stands on a different footing, and a refund claim under the governing notification cannot be rejected mechanically as time-barred without examining it on merits. The time-bar finding was set aside and the matter was remanded for fresh consideration by the original authority. en-us Thu, 06 Sep 2007 00:00:00 +0530 Thu, 28 Sep 2017 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69484 Deemed credit under the exemption-based credit scheme is treated on par with actual credit for taking, utilising and refunding credit, so a refund arising after utilisation may attract the prescribed limitation period. However, credit accumulated from exports stands on a different footing, and a refund claim under the governing notification cannot be rejected mechanically as time-barred without examining it on merits. The time-bar finding was set aside and the matter was remanded for fresh consideration by the original authority. Case-Laws Central Excise Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69484