https://www.taxtmi.com/caselaws?id=379013 Accumulated AED(GSI) credit earned before 1 April 2000 was held to remain utilisable and retainable despite a later retrospective amendment restricting such utilisation. The Tribunal applied its earlier decision on the same issue, as approved by the High Courts, and treated the credit as lawfully earned under the then prevailing regime. It further held that the later statutory changes could not justify reversal of a utilisation already made, so the assessee's credit position had to be restored. On that basis, the demand and penalty were held unsustainable. en-us Mon, 17 Sep 2018 00:00:00 +0530 Fri, 26 Apr 2019 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379013 Accumulated AED(GSI) credit earned before 1 April 2000 was held to remain utilisable and retainable despite a later retrospective amendment restricting such utilisation. The Tribunal applied its earlier decision on the same issue, as approved by the High Courts, and treated the credit as lawfully earned under the then prevailing regime. It further held that the later statutory changes could not justify reversal of a utilisation already made, so the assessee's credit position had to be restored. On that basis, the demand and penalty were held unsustainable. Case-Laws Central Excise Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379013