2008 (9) TMI 384

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.... 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can utilize the accumulated proforma credit to pay duty on finished goods when proforma credit facility itself was withdrawn in respect of Aluminium Ingots vide Notification No. 269/79, dated 4-10-79?" 2.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 manufacturer of aluminium iron rods.  The....

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....ed 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 which proforma credit could be availed w.e.f. ....