https://www.taxtmi.com/caselaws?id=167248 An incentive amount credited in advance to a sugar factory under an exemption scheme was treated as an administrative or banking credit, not as a statutory refund of duty, because the excise levy had not yet arisen on removal of the goods. On that basis, the machinery for recovery of short levy, including the limitation rules linked to suppression of facts, did not apply to any excess credit. The excess amount was therefore recoverable by adjustment or repayment, and the assessee's limitation objection failed. The appeal succeeded and the demand was restored. en-us Sat, 23 Jun 1984 00:00:00 +0530 Fri, 12 Dec 2014 16:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167248 An incentive amount credited in advance to a sugar factory under an exemption scheme was treated as an administrative or banking credit, not as a statutory refund of duty, because the excise levy had not yet arisen on removal of the goods. On that basis, the machinery for recovery of short levy, including the limitation rules linked to suppression of facts, did not apply to any excess credit. The excess amount was therefore recoverable by adjustment or repayment, and the assessee's limitation objection failed. The appeal succeeded and the demand was restored. Case-Laws Central Excise Sat, 23 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167248