https://www.taxtmi.com/caselaws?id=81503 Unutilised RG-23 credit under Notification No. 201/79 could not be transferred after the notification was rescinded, because the exemption benefit ceased with withdrawal and was not treated as a subsisting right saved by Section 6 of the General Clauses Act, 1897. Rule 57H(3) of the Central Excise Rules, 1944 also did not assist, since transfer of credit was allowed only where the manufacturer had been availing the credit facility immediately before the dated acknowledgement of the declaration. As the earlier benefit had stopped long before the March 1987 declaration, the immediacy condition was not met, and the claimed transfer of credit was not permissible. en-us Wed, 25 Sep 1991 00:00:00 +0530 Mon, 27 Jun 2011 11:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81503 Unutilised RG-23 credit under Notification No. 201/79 could not be transferred after the notification was rescinded, because the exemption benefit ceased with withdrawal and was not treated as a subsisting right saved by Section 6 of the General Clauses Act, 1897. Rule 57H(3) of the Central Excise Rules, 1944 also did not assist, since transfer of credit was allowed only where the manufacturer had been availing the credit facility immediately before the dated acknowledgement of the declaration. As the earlier benefit had stopped long before the March 1987 declaration, the immediacy condition was not met, and the claimed transfer of credit was not permissible. Case-Laws Central Excise Wed, 25 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81503