https://www.taxtmi.com/caselaws?id=122511 Deemed Cenvat credit lawfully earned while the notification remained in force did not lapse merely because the facility was later withdrawn, as the withdrawal contained no express provision extinguishing accumulated credit. Credit earned under a subsisting scheme remained available for utilisation, and the fact that exports under bond delayed immediate use did not alter that entitlement. On that basis, utilisation of the accumulated credit after the notification became inoperative was permissible, and the demand, interest and penalty were unsustainable. en-us Thu, 28 Dec 2006 00:00:00 +0530 Tue, 14 Aug 2012 12:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122511 Deemed Cenvat credit lawfully earned while the notification remained in force did not lapse merely because the facility was later withdrawn, as the withdrawal contained no express provision extinguishing accumulated credit. Credit earned under a subsisting scheme remained available for utilisation, and the fact that exports under bond delayed immediate use did not alter that entitlement. On that basis, utilisation of the accumulated credit after the notification became inoperative was permissible, and the demand, interest and penalty were unsustainable. Case-Laws Central Excise Thu, 28 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122511