https://www.taxtmi.com/caselaws?id=128462 Deemed credit validly earned under the earlier notification was treated as an accrued entitlement that could not be retrospectively taken away merely because the scheme was withdrawn from 1-4-2003. The Court applied the principle that a vested or accrued right under a statutory scheme survives withdrawal unless the later instrument expressly or by necessary implication extinguishes it. On that basis, credit earned before withdrawal did not lapse and remained available for utilisation after the withdrawal date; no substantial question of law arose. en-us Tue, 23 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2014 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128462 Deemed credit validly earned under the earlier notification was treated as an accrued entitlement that could not be retrospectively taken away merely because the scheme was withdrawn from 1-4-2003. The Court applied the principle that a vested or accrued right under a statutory scheme survives withdrawal unless the later instrument expressly or by necessary implication extinguishes it. On that basis, credit earned before withdrawal did not lapse and remained available for utilisation after the withdrawal date; no substantial question of law arose. Case-Laws Central Excise Tue, 23 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128462