https://www.taxtmi.com/caselaws?id=84094 The Tribunal set aside the duty demand but upheld the penalty in the case involving misutilization of proforma credit by clearing air conditioners with excess credit earned on component parts of refrigerators. The appellants' argument that the reopening of the issue by the department was unjustified and time-barred was rejected. The Tribunal allowed the adjustment of credit between accounts for duty payment on different products under the same Tariff Heading, finding no revenue impact from the excess credit use. The impugned order-in-appeal was modified accordingly. en-us Mon, 30 Jan 1995 00:00:00 +0530 Tue, 19 Jul 2011 16:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84094 The Tribunal set aside the duty demand but upheld the penalty in the case involving misutilization of proforma credit by clearing air conditioners with excess credit earned on component parts of refrigerators. The appellants' argument that the reopening of the issue by the department was unjustified and time-barred was rejected. The Tribunal allowed the adjustment of credit between accounts for duty payment on different products under the same Tariff Heading, finding no revenue impact from the excess credit use. The impugned order-in-appeal was modified accordingly. Case-Laws Central Excise Mon, 30 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84094