https://www.taxtmi.com/caselaws?id=74854 Under the RT-12 assessment mechanism, where the assessed central excise duty is less than duty already paid, the assessee may take credit of the excess in the account-current on receipt of the assessed return. Rule 1731 of the Central Excise Rules, 1944 does not require a separate refund application for this adjustment. The applicable trade notice also recognised credit through remarks in the RT-12 return and PLA, with the Superintendent required to make the endorsement. If the assessee had already pointed out the excess payment in the return, the claim should not be rejected as time-barred. en-us Mon, 23 Mar 1987 00:00:00 +0530 Sat, 11 Jun 2011 14:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74854 Under the RT-12 assessment mechanism, where the assessed central excise duty is less than duty already paid, the assessee may take credit of the excess in the account-current on receipt of the assessed return. Rule 1731 of the Central Excise Rules, 1944 does not require a separate refund application for this adjustment. The applicable trade notice also recognised credit through remarks in the RT-12 return and PLA, with the Superintendent required to make the endorsement. If the assessee had already pointed out the excess payment in the return, the claim should not be rejected as time-barred. Case-Laws Central Excise Mon, 23 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74854