https://www.taxtmi.com/caselaws?id=117365 Credit utilisation for payment of duty in the first fortnight of August 2000 was upheld because the amendment to Rule 57AB took effect on 18-8-2000 and the Board's circular of 25-8-2000 clarified the position. As the duty payment and debit entry were both made on 19-8-2000, the credit remained available for use. The appellate authority also treated the matter as revenue neutral, noting that even if payment had been made through PLA, the credit would have continued to be available for the next fortnight. On that basis, the demand and penalty challenge failed. en-us Thu, 05 Jan 2006 00:00:00 +0530 Fri, 22 Jun 2012 11:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117365 Credit utilisation for payment of duty in the first fortnight of August 2000 was upheld because the amendment to Rule 57AB took effect on 18-8-2000 and the Board's circular of 25-8-2000 clarified the position. As the duty payment and debit entry were both made on 19-8-2000, the credit remained available for use. The appellate authority also treated the matter as revenue neutral, noting that even if payment had been made through PLA, the credit would have continued to be available for the next fortnight. On that basis, the demand and penalty challenge failed. Case-Laws Central Excise Thu, 05 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117365