https://www.taxtmi.com/caselaws?id=366206 Deemed credit for rerollers was in issue where aggregate clearances in a financial year exceeded the prescribed monetary limit. The Tribunal had denied relief by relying on earlier decisions that had refused deemed credit once clearances crossed that threshold, but the Court noted that the precedent forming the sole basis of that approach had already been set aside. As that foundation no longer survived, the denial of deemed credit could not stand, and the tax appeal succeeded with the adverse Tribunal order set aside. en-us Wed, 29 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 07:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366206 Deemed credit for rerollers was in issue where aggregate clearances in a financial year exceeded the prescribed monetary limit. The Tribunal had denied relief by relying on earlier decisions that had refused deemed credit once clearances crossed that threshold, but the Court noted that the precedent forming the sole basis of that approach had already been set aside. As that foundation no longer survived, the denial of deemed credit could not stand, and the tax appeal succeeded with the adverse Tribunal order set aside. Case-Laws Central Excise Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366206