2009 (1) TMI 148 - HC - Central Excise

Tribunal has noticed that claim under the Proforma Credit Scheme, which, in fact, had been withdrawn from 20-5-1994, the dealer-respondent was entitled to credit from 20-5-1994 to 2-6-1994 In sum and substance the fact remains that dealer was entitled to credit either under the Proforma Credit Scheme or Modvat Credit Scheme revenue appeal dismissed

Summary

The High Court of Punjab & Haryana dismissed the appeal filed by the revenue under Section 35G of the Central Excise Act, 1944. The Tribunal allowed the dealer's claim for credit under the Proforma Credit Scheme for the period from 20-5-1994 to 2-6-1994, stating that the dealer was entitled to credit under either the Proforma Credit Scheme or Modvat Credit Scheme. The Court found no substance in the appeal.