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2015 (10) TMI 2650 - AT - Central ExciseUtilisation of CENVAT credit - accumulated money credit by use of unconventional/minor oils - Held that: - the appellant is entitled to utilise the Cenvat credit lying in its balance as on 1/3/2003 and the said credit had not lapsed - reliance placed in the case of M/s Madhusudan Industries Ltd Vs. Union of India [2013 (1) TMI 525 - ALLAHABAD HIGH COURT], where it was held that money credit was a mandatory right earned by manufacturers on purchasing and use of unconventional/minor oils, for which the manufacturer may have changed manufacturing process and plant hoping of getting the money credit. Thus such vested right cannot be taken away due to the rescision of the notification - appeal allowed - decided in favor of appellant.
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