https://www.taxtmi.com/caselaws?id=244588 Credit of additional duties of excise under the Textiles and Textile Articles Act could not be cross-utilised for payment of additional duty under the Goods of Special Importance Act or for basic excise duty, because the credit scheme restricted each credit to the same duty and the law in force at the time of utilisation controlled the entitlement. Transitional and substituted Cenvat provisions were read as saving accumulated credit only for use permitted by the later rules, so no vested right arose to continue a prohibited mode of cross-utilisation. The penalty on the individual appellant was not sustained because it was consequential to the underlying demand and was set aside. en-us Thu, 02 Jan 2014 00:00:00 +0530 Sat, 30 May 2015 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244588 Credit of additional duties of excise under the Textiles and Textile Articles Act could not be cross-utilised for payment of additional duty under the Goods of Special Importance Act or for basic excise duty, because the credit scheme restricted each credit to the same duty and the law in force at the time of utilisation controlled the entitlement. Transitional and substituted Cenvat provisions were read as saving accumulated credit only for use permitted by the later rules, so no vested right arose to continue a prohibited mode of cross-utilisation. The penalty on the individual appellant was not sustained because it was consequential to the underlying demand and was set aside. Case-Laws Central Excise Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244588