https://www.taxtmi.com/caselaws?id=116217 Where a deemed credit scheme is continued under a subsequent notification for the same commodity, previously earned but unutilised credit remains available unless the later notification expressly provides for lapse. Rescission of the earlier notification alone does not extinguish accrued credit. On that basis, the duty demand and penalty were held unsustainable, and the assessee obtained consequential relief with the impugned orders set aside. en-us Mon, 11 Apr 2005 00:00:00 +0530 Fri, 08 Jun 2012 18:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116217 Where a deemed credit scheme is continued under a subsequent notification for the same commodity, previously earned but unutilised credit remains available unless the later notification expressly provides for lapse. Rescission of the earlier notification alone does not extinguish accrued credit. On that basis, the duty demand and penalty were held unsustainable, and the assessee obtained consequential relief with the impugned orders set aside. Case-Laws Central Excise Mon, 11 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116217