https://www.taxtmi.com/caselaws?id=257725 The court upheld the Tribunal's interpretation that Additional Excise Duty (Textile and Textile Articles) credit could only be utilized for AED(T&TA) payments and within a specified time frame. It agreed with the Tribunal's decision against remanding proceedings for duty recasting but deleted penalties imposed on the appellant, finding no intentional wrongdoing. The court dismissed the appeals, ruling in favor of the Revenue on most issues except for penalties, which were decided in favor of the assessee. en-us Thu, 05 Mar 2015 00:00:00 +0530 Sat, 03 Oct 2015 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257725 The court upheld the Tribunal's interpretation that Additional Excise Duty (Textile and Textile Articles) credit could only be utilized for AED(T&TA) payments and within a specified time frame. It agreed with the Tribunal's decision against remanding proceedings for duty recasting but deleted penalties imposed on the appellant, finding no intentional wrongdoing. The court dismissed the appeals, ruling in favor of the Revenue on most issues except for penalties, which were decided in favor of the assessee. Case-Laws Central Excise Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257725