https://www.taxtmi.com/caselaws?id=83168 Letters seeking correction of the factory name in the licence, personal ledger account and proforma credit records were treated as a sufficient application for continuation of existing proforma credit under Rule 56A. Because the partnership firm had already been granted the facility and the successor company had taken over the business as a going concern, the correspondence was not a mere forwarding letter but a request to keep the credit arrangement alive. Departmental acquiescence over several years reinforced that substance prevailed over technical objection, so the demand for reversal of credit on the ground of no valid application was unsustainable. en-us Wed, 09 Jun 1993 00:00:00 +0530 Mon, 11 Jul 2011 15:00:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83168 Letters seeking correction of the factory name in the licence, personal ledger account and proforma credit records were treated as a sufficient application for continuation of existing proforma credit under Rule 56A. Because the partnership firm had already been granted the facility and the successor company had taken over the business as a going concern, the correspondence was not a mere forwarding letter but a request to keep the credit arrangement alive. Departmental acquiescence over several years reinforced that substance prevailed over technical objection, so the demand for reversal of credit on the ground of no valid application was unsustainable. Case-Laws Central Excise Wed, 09 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83168