https://www.taxtmi.com/caselaws?id=83019 Unutilised proforma credit of auxiliary duty and regulatory duty, where legally admissible and timely sought for transfer, remained available for utilisation despite later withdrawal of the credit facility. Departmental inaction in granting transfer permission could not defeat a benefit that had accrued when the credit was earned and could have been used to pay duty on finished goods. The subsequent scheme change and the prohibition on cash refund did not justify refusal to transfer the balance to the Personal Ledger Account. Transfer and utilisation of the credit were therefore sustained. en-us Fri, 26 Nov 1993 00:00:00 +0530 Sat, 09 Jul 2011 10:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83019 Unutilised proforma credit of auxiliary duty and regulatory duty, where legally admissible and timely sought for transfer, remained available for utilisation despite later withdrawal of the credit facility. Departmental inaction in granting transfer permission could not defeat a benefit that had accrued when the credit was earned and could have been used to pay duty on finished goods. The subsequent scheme change and the prohibition on cash refund did not justify refusal to transfer the balance to the Personal Ledger Account. Transfer and utilisation of the credit were therefore sustained. Case-Laws Central Excise Fri, 26 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83019