https://www.taxtmi.com/caselaws?id=264599 Validly earned Cenvat credit of Additional Excise Duty remained capable of restoration after a retrospective restriction limited future utilisation, because the amendment did not extinguish the underlying credit already accrued on duty-paid inputs. Once the assessee reversed the earlier utilisation and discharged the liability through PLA as required, the original debits were treated as neutralised rather than as a final exhaustion of the credit account. The Kerala HC thus treated equivalent restoration of the credit as legally justified, and the Revenue's objection based on excess-duty refund principles and the bar on suo motu credit did not apply to this restoration exercise. en-us Mon, 20 Jul 2015 00:00:00 +0530 Sat, 07 May 2016 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264599 Validly earned Cenvat credit of Additional Excise Duty remained capable of restoration after a retrospective restriction limited future utilisation, because the amendment did not extinguish the underlying credit already accrued on duty-paid inputs. Once the assessee reversed the earlier utilisation and discharged the liability through PLA as required, the original debits were treated as neutralised rather than as a final exhaustion of the credit account. The Kerala HC thus treated equivalent restoration of the credit as legally justified, and the Revenue's objection based on excess-duty refund principles and the bar on suo motu credit did not apply to this restoration exercise. Case-Laws Central Excise Mon, 20 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264599