https://www.taxtmi.com/caselaws?id=192617 Credit validly earned under a statutory scheme was treated as an accrued and vested entitlement, so rescission of the notification introducing the scheme did not extinguish credit already standing in the assessee's account. The revenue's contention that the balance had lapsed on rescission was rejected, and the assessee was held entitled to utilise the accumulated credit. The demand, penalty, and denial of utilisation were set aside. en-us Wed, 28 Oct 2015 00:00:00 +0530 Thu, 08 Jun 2017 05:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192617 Credit validly earned under a statutory scheme was treated as an accrued and vested entitlement, so rescission of the notification introducing the scheme did not extinguish credit already standing in the assessee's account. The revenue's contention that the balance had lapsed on rescission was rejected, and the assessee was held entitled to utilise the accumulated credit. The demand, penalty, and denial of utilisation were set aside. Case-Laws Central Excise Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192617