https://www.taxtmi.com/caselaws?id=172323 The appeal filed by the Revenue challenging the entitlement to deemed credit on fabrics manufactured before 1-5-2001 but cleared thereafter under the compounded levy scheme was rejected. The Tribunal allowed the appeals filed by the assessees, citing the decision in the case of M/s. Bidhata Industries Pvt. Ltd. v. CCE, which held that the scheme applied prospectively. The use of credit for duty payment on such fabrics was deemed lawful. The department did not challenge this decision, leading to the rejection of the Revenue's appeal. en-us Mon, 15 Jan 2007 00:00:00 +0530 Wed, 19 Aug 2015 12:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172323 The appeal filed by the Revenue challenging the entitlement to deemed credit on fabrics manufactured before 1-5-2001 but cleared thereafter under the compounded levy scheme was rejected. The Tribunal allowed the appeals filed by the assessees, citing the decision in the case of M/s. Bidhata Industries Pvt. Ltd. v. CCE, which held that the scheme applied prospectively. The use of credit for duty payment on such fabrics was deemed lawful. The department did not challenge this decision, leading to the rejection of the Revenue's appeal. Case-Laws Central Excise Mon, 15 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172323