https://www.taxtmi.com/caselaws?id=43791 Accumulated credit under a concessionary excise notification survives rescission and remains available for utilisation in the running credit account, because neither the rules nor the notification provided for automatic lapse of already earned credit. However, that credit must still be used subject to the conditions attached to the notification under which it was earned. The ceiling in condition No. 3 continued to govern utilisation for each clearance, so the balance duty had to be paid in cash and the scheme could not be used to make double debits or bypass the prescribed cap. en-us Wed, 22 Dec 1993 00:00:00 +0530 Mon, 21 Jun 2010 11:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43791 Accumulated credit under a concessionary excise notification survives rescission and remains available for utilisation in the running credit account, because neither the rules nor the notification provided for automatic lapse of already earned credit. However, that credit must still be used subject to the conditions attached to the notification under which it was earned. The ceiling in condition No. 3 continued to govern utilisation for each clearance, so the balance duty had to be paid in cash and the scheme could not be used to make double debits or bypass the prescribed cap. Case-Laws Central Excise Wed, 22 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43791