Supreme Court · 2000 INSC 288 · Decided 5 May 2000
TUNGABHADRAINDUS. LTD. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 288 · [2000] 3 S.C.R. 1067
- Case number
- CIVIL APPEAL No. 4668/1999
- Decided
- 5 May 2000
- Bench
- G.B. PATTANAIK, DORAISWAMY RAJU, S.N. VARIAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
B Excise Laws : Central Excise Rules, 1944 Chapter AAA Rules 57-K, 57-N & 57-0. Excise-Money Credit Scheme-Notification allowing credit of money-Noti­ fication further providing utilisation of credit towards payment of duty on final product-Notification rescinded-Subsequent notification one thousand per tonne-Assessee accumulating credits under both notification-Assessee seeking adjustment of credit simultaneously towards part payment of duty­ Wlzether pennissible-Held, accumulated credit will not ipso facto exhaust/ lapse on rescission of notification-Utilisation of
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