https://www.taxtmi.com/caselaws?id=74165 Rule 56A was described as a self-contained scheme allowing proforma credit of duty paid on eligible inputs used in manufacturing specified finished goods. The rule did not require batch-to-batch correlation between particular inputs and the finished goods cleared on payment of duty. Outstanding credit could be varied only in the contingencies expressly provided, and it could not be denied or extinguished merely because it remained unutilised at a given time. The credit was therefore available for utilisation against duty on the specified finished goods, and denial of such utilisation was not justified. en-us Wed, 15 Feb 1989 00:00:00 +0530 Tue, 07 Jun 2011 11:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74165 Rule 56A was described as a self-contained scheme allowing proforma credit of duty paid on eligible inputs used in manufacturing specified finished goods. The rule did not require batch-to-batch correlation between particular inputs and the finished goods cleared on payment of duty. Outstanding credit could be varied only in the contingencies expressly provided, and it could not be denied or extinguished merely because it remained unutilised at a given time. The credit was therefore available for utilisation against duty on the specified finished goods, and denial of such utilisation was not justified. Case-Laws Central Excise Wed, 15 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74165