https://www.taxtmi.com/caselaws?id=47118 Under the vanaspati scheme, accrued money-credit could not be refunded in cash because the scheme did not contemplate conversion of credit into monetary refund; relief outside the scheme was therefore unavailable. However, the omission of the scheme did not extinguish accrued credit, as the savings provision preserved rights already earned under the notification. The credit was treated as belonging to the manufacturer and, absent any scheme restriction tying it to one factory, could be utilised against excise duty payable for manufacture at another duly registered unit. en-us Wed, 09 Jun 2004 00:00:00 +0530 Fri, 05 Jul 2024 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47118 Under the vanaspati scheme, accrued money-credit could not be refunded in cash because the scheme did not contemplate conversion of credit into monetary refund; relief outside the scheme was therefore unavailable. However, the omission of the scheme did not extinguish accrued credit, as the savings provision preserved rights already earned under the notification. The credit was treated as belonging to the manufacturer and, absent any scheme restriction tying it to one factory, could be utilised against excise duty payable for manufacture at another duly registered unit. Case-Laws Central Excise Wed, 09 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47118