https://www.taxtmi.com/caselaws?id=265965 Deemed credit lawfully earned under the rescinded scheme cannot be denied or treated as lapsed merely because it remained unutilized in the Cenvat Credit Account. The settled precedent applied to credit earned up to 31.03.2003, and the disallowance of such balance was held unsustainable. On that basis, the Revenue's challenge failed and the Commissioner (Appeals)' order was left undisturbed. en-us Fri, 26 Jun 2015 00:00:00 +0530 Fri, 16 Oct 2015 20:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265965 Deemed credit lawfully earned under the rescinded scheme cannot be denied or treated as lapsed merely because it remained unutilized in the Cenvat Credit Account. The settled precedent applied to credit earned up to 31.03.2003, and the disallowance of such balance was held unsustainable. On that basis, the Revenue's challenge failed and the Commissioner (Appeals)' order was left undisturbed. Case-Laws Central Excise Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265965