https://www.taxtmi.com/caselaws?id=169611 Accrued benefit under an incentive notification does not lapse merely because the notification is rescinded. The accumulated money credit earned for use of minor oils in vanaspati manufacture therefore survived rescission and could be utilised toward excise duty on vanaspati when duty was reintroduced, but only subject to the conditions attached to the original notification. The distinction drawn between money credit and Modvat credit did not change the result, because the decisive question was whether the vested credit right continued after rescission. en-us Fri, 26 Aug 2005 00:00:00 +0530 Tue, 28 Apr 2015 10:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169611 Accrued benefit under an incentive notification does not lapse merely because the notification is rescinded. The accumulated money credit earned for use of minor oils in vanaspati manufacture therefore survived rescission and could be utilised toward excise duty on vanaspati when duty was reintroduced, but only subject to the conditions attached to the original notification. The distinction drawn between money credit and Modvat credit did not change the result, because the decisive question was whether the vested credit right continued after rescission. Case-Laws Central Excise Fri, 26 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169611