https://www.taxtmi.com/caselaws?id=48156 Reversal of excise credit was treated as putting the assessee in the position of having not availed the credit for the relevant purpose. On that basis, the Court held that the challenge to the Tribunal's interpretation of Rule 57AC did not raise any substantial question of law, and the appeal failed. The reasoning rejected the contention that mere initial availment of credit continued to govern despite later reversal, and applied the principle that reversal neutralises the earlier availment for the issue in dispute. en-us Wed, 21 Mar 2007 00:00:00 +0530 Tue, 03 Aug 2010 10:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48156 Reversal of excise credit was treated as putting the assessee in the position of having not availed the credit for the relevant purpose. On that basis, the Court held that the challenge to the Tribunal's interpretation of Rule 57AC did not raise any substantial question of law, and the appeal failed. The reasoning rejected the contention that mere initial availment of credit continued to govern despite later reversal, and applied the principle that reversal neutralises the earlier availment for the issue in dispute. Case-Laws Central Excise Wed, 21 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48156