1998 (6) TMI 282 - AT - Central Excise

Summary

The judgment involved a dispute over reversing proforma credit for inputs when the scheme was made inapplicable. The appellants manufactured aluminium wire rods and were availing proforma credit for aluminium ingots. The department directed them to reverse the credit, but the Tribunal ruled in favor of the appellants, citing a similar case where credit could not be reversed when the facility was withdrawn by the government. The appeal was allowed.