2010 (3) TMI 73 - HC - Central Excise

Cenvat Credit untilization of cenvat credit for the purpose of payment of additional excise duty liable under Textile and Textile Articles act 1978 - held that - The Central Board of Excise and Custom issued a letter from file No.345/18/2000-TRU clarifying that credit of basic excise duty can be utilized for the payment of additional duty of excise. decided in favor of assessee

Summary

The Punjab & Haryana High Court ruled that credit on basic excise duty can be used for paying additional excise duty under the Textile and Textile Articles Act, 1978, based on a clarification from the Central Board of Excise and Customs. The judgment favored the assessee over the Revenue. (2010 (3) TMI 73 - Punjab & Haryana High Court)