https://www.taxtmi.com/caselaws?id=173149 An exemption notification condition requiring first utilisation of the CENVAT credit available on the last day of the relevant month is satisfied by credit actually available for use in that month, with only the balance duty payable in cash. Where the assessee first exhausted the credit that became available in December 2005 and then paid the balance through PLA, the notification condition was treated as complied with and the refund claim was allowed. A contrary assumption based on a not-yet-available November closing balance was not accepted, and the Revenue's appeal was dismissed as raising no question of law. en-us Wed, 20 Feb 2013 00:00:00 +0530 Sat, 23 Jul 2016 23:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173149 An exemption notification condition requiring first utilisation of the CENVAT credit available on the last day of the relevant month is satisfied by credit actually available for use in that month, with only the balance duty payable in cash. Where the assessee first exhausted the credit that became available in December 2005 and then paid the balance through PLA, the notification condition was treated as complied with and the refund claim was allowed. A contrary assumption based on a not-yet-available November closing balance was not accepted, and the Revenue's appeal was dismissed as raising no question of law. Case-Laws Central Excise Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173149