https://www.taxtmi.com/caselaws?id=266512 Duty paid on clearance of finished goods, though not otherwise required on the facts found, was treated as reversal of the credit sought to be denied. Since the goods were cleared after the levy date and duty had been discharged on that clearance, the denial of transitional credit could not sustain the demand. On that basis, the associated interest and penalties also could not survive. The assessee's position was accepted, and consequential relief followed. en-us Wed, 12 Nov 2014 00:00:00 +0530 Wed, 21 Oct 2015 10:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266512 Duty paid on clearance of finished goods, though not otherwise required on the facts found, was treated as reversal of the credit sought to be denied. Since the goods were cleared after the levy date and duty had been discharged on that clearance, the denial of transitional credit could not sustain the demand. On that basis, the associated interest and penalties also could not survive. The assessee's position was accepted, and consequential relief followed. Case-Laws Central Excise Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266512