Court Affirms Legality of Recrediting and Using AED(GSI) Credit for Tyre Production.

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....Whether the recredit/restoration, in the AED(GSI) credit account, of an amount equal to the BED paid by the assessee in 36 instalments was legally sustainable - Whether the utilization of an amount from the AED(GSI) credit so restored for payment of AED(GSI) on DNTCF manufactured and captively consumed in the manufacture of tyres was legally sustainable - Held Yes - AT....