2005 (10) TMI 467

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..... 2. The subject appeals relate to two different periods when the benefit given under money credit scheme was rescinded once on 25-8-1989 through the notification No. 39/89 and (later in the second case) on 23-3-1996 as well vide notification No. 16/96. When the notifications were rescinded, the appellants debited through RG-23B but the department insisted on duty payment through PLA. 3. To suppor .....

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..... ect of taking away the credit already granted and accrued in the asset is being withdrawn or rescind in the scheme and not the credit. The respondent s contention is that the word rescind and withdrawn relate to the credit is not acceptable on the basis of grammatical construction of the notification . 4. It was argued that these judgments have clearly held that credit accumulated and remain .....

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