https://www.taxtmi.com/caselaws?id=85175 Credit lying in the proforma credit account under Rule 57H(3) of the Central Excise Rules, 1944 could be transferred to the Modvat account only with prior permission of the Assistant Collector. The assessee availed and utilised the credit before such permission was granted, and the claim of oral permission was not substantiated. That unilateral availment was treated as a breach of the rule and a punishable contravention, so the departmental objection succeeded and the penalty was upheld. en-us Mon, 28 Aug 1995 00:00:00 +0530 Wed, 03 Aug 2011 12:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85175 Credit lying in the proforma credit account under Rule 57H(3) of the Central Excise Rules, 1944 could be transferred to the Modvat account only with prior permission of the Assistant Collector. The assessee availed and utilised the credit before such permission was granted, and the claim of oral permission was not substantiated. That unilateral availment was treated as a breach of the rule and a punishable contravention, so the departmental objection succeeded and the penalty was upheld. Case-Laws Central Excise Mon, 28 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85175