https://www.taxtmi.com/caselaws?id=43095 Credit validly accrued under the earlier minor oils incentive scheme for manufacture of Vanaspati could not be denied by a later withdrawal notification. The High Court treated the withdrawal as prospective, holding that accumulated credit already earned before the new notification remained utilisable in accordance with the original scheme. The later reintroduction of the incentive supported the view that pre-existing credit was not extinguished by withdrawal. Consistent High Court authority on the same question was followed, and the petitioners were protected in their entitlement to use the accumulated credit. en-us Thu, 21 Feb 1991 00:00:00 +0530 Wed, 16 Jun 2010 10:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43095 Credit validly accrued under the earlier minor oils incentive scheme for manufacture of Vanaspati could not be denied by a later withdrawal notification. The High Court treated the withdrawal as prospective, holding that accumulated credit already earned before the new notification remained utilisable in accordance with the original scheme. The later reintroduction of the incentive supported the view that pre-existing credit was not extinguished by withdrawal. Consistent High Court authority on the same question was followed, and the petitioners were protected in their entitlement to use the accumulated credit. Case-Laws Central Excise Thu, 21 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43095