https://www.taxtmi.com/caselaws?id=104314 A concessional set-off under Notification No. 237/76 was available only where the assessee proved to the satisfaction of the proper officer that the hand-knitting yarn had been manufactured out of duty-paid wool tops. The record did not establish that the yarn cleared after 30-8-1976 was made directly from duty-paid wool tops; instead, the accepted position was that it was manufactured out of duty-paid grey yarn on which proforma credit had already been taken. The notification's condition was therefore not fulfilled, and the denial of set-off was upheld in favour of Revenue. en-us Mon, 30 Mar 1992 00:00:00 +0530 Tue, 28 Feb 2012 16:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104314 A concessional set-off under Notification No. 237/76 was available only where the assessee proved to the satisfaction of the proper officer that the hand-knitting yarn had been manufactured out of duty-paid wool tops. The record did not establish that the yarn cleared after 30-8-1976 was made directly from duty-paid wool tops; instead, the accepted position was that it was manufactured out of duty-paid grey yarn on which proforma credit had already been taken. The notification's condition was therefore not fulfilled, and the denial of set-off was upheld in favour of Revenue. Case-Laws Central Excise Mon, 30 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104314