https://www.taxtmi.com/caselaws?id=106151 Transferred credit of Special Excise Duty could not be denied where the assessee applied for transfer before the cut-off date and the jurisdictional authority delayed disposal of the application. Rule 57F(8) of the Central Excise Rules, 1944 required transferred credit to be used for payment of Basic Excise Duty on clearances up to 31-3-94, but the assessee's timely application on 8-3-94 and the departmental delay meant the non-utilisation of credit before the deadline was not attributable to the assessee. The credit was therefore to be adjusted against the duty demand, and the penalty was not justified. en-us Mon, 25 Feb 2002 00:00:00 +0530 Mon, 12 Mar 2012 17:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106151 Transferred credit of Special Excise Duty could not be denied where the assessee applied for transfer before the cut-off date and the jurisdictional authority delayed disposal of the application. Rule 57F(8) of the Central Excise Rules, 1944 required transferred credit to be used for payment of Basic Excise Duty on clearances up to 31-3-94, but the assessee's timely application on 8-3-94 and the departmental delay meant the non-utilisation of credit before the deadline was not attributable to the assessee. The credit was therefore to be adjusted against the duty demand, and the penalty was not justified. Case-Laws Central Excise Mon, 25 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106151