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2009 (3) TMI 90 - UTTARAKHAND HIGH COURTCredit – event - insertion of proviso in Rule 57 G (2) vide Not. No. 28/95 dated 29.06.1995 - object of insertion is to provide limitation in taking benefit of the Modvat Credit Scheme and not to misuse or abuse the same - held that the crucial event determining the admissibility of credit is the receipt of the inputs and not the act of taking credit - Therefore, the amendment made on 29.06.1995, would not be applicable to the credits that had crystallised before 29.06.1995 - CESTAT is right in holding that the credit would be available not beyond the period of six months from the date of duty paying documents
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