https://www.taxtmi.com/caselaws?id=83727 The third proviso to Rule 56A(2) of the Central Excise Rules, 1944 was treated as a self-contained mechanism for upward or downward adjustment of proforma credit when the duty on inputs was later altered by demand or refund. Because the supplier's classification dispute was resolved later and refund was granted, the liability to reverse the credit arose only on that subsequent event. Such adjustment was held not to amount to short levy, non-levy, or erroneous refund, so Section 11A and its six-month limitation did not apply. The notice seeking reversal of credit was therefore not time-barred, and the credit adjustment was valid. en-us Fri, 29 Jul 1994 00:00:00 +0530 Sat, 16 Jul 2011 12:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83727 The third proviso to Rule 56A(2) of the Central Excise Rules, 1944 was treated as a self-contained mechanism for upward or downward adjustment of proforma credit when the duty on inputs was later altered by demand or refund. Because the supplier's classification dispute was resolved later and refund was granted, the liability to reverse the credit arose only on that subsequent event. Such adjustment was held not to amount to short levy, non-levy, or erroneous refund, so Section 11A and its six-month limitation did not apply. The notice seeking reversal of credit was therefore not time-barred, and the credit adjustment was valid. Case-Laws Central Excise Fri, 29 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83727