2008 (9) TMI 384

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....)]. -  This Excise Reference has been admitted on the following question of law : "Whether party can utilize the accumulated proforma credit to pay duty on finished goods when proforma credit facility itself was withdrawn in respect of Aluminium Ingots vide Notification No. 269/79, dated 4-10-79?" 2. The brief facts necessary for the decision of the case are that the assessee is a manuf....

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....ned. The contention of the party was rejected by the Assessing Officer as well as the Commissioner Excise. However, the Customs, Excise & Gold (Control) Appellate Tribunal (CEGAT), vide its order, dated 18-6-1998, after considering the provisions of Rule 56-A of the Central Excise Rules, came to the conclusion that it was the Government which had removed the aluminium ingots from the items for whi....