https://www.taxtmi.com/caselaws?id=190169 Credit accrued under a rescinded concessional excise notification survives rescission, but its utilisation remains governed by the terms of the notification that created it. Under Rule 57K and Rule 57N, the earlier credit could be used only within the prescribed ceiling for each clearance, and a later notification created a separate credit entitlement subject to its own conditions. The two credits could not be clubbed together for the same clearance to exceed the applicable limit. The result is that accrued credit remains valid, but successive notification-based credits must be applied independently and within their respective restrictions. en-us Fri, 05 May 2000 00:00:00 +0530 Tue, 30 Jan 2024 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190169 Credit accrued under a rescinded concessional excise notification survives rescission, but its utilisation remains governed by the terms of the notification that created it. Under Rule 57K and Rule 57N, the earlier credit could be used only within the prescribed ceiling for each clearance, and a later notification created a separate credit entitlement subject to its own conditions. The two credits could not be clubbed together for the same clearance to exceed the applicable limit. The result is that accrued credit remains valid, but successive notification-based credits must be applied independently and within their respective restrictions. Case-Laws Central Excise Fri, 05 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190169