Home Case Index All Cases Central Excise Central Excise + SC Central Excise - 2007 (3) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (3) TMI 257 - SC - Central ExciseWhether the assessee was entitled to avail Modvat credit on differential duty paid during the period 21-4-1986 to 2-4-1987 in respect of inputs received in his factory during the year 1986-87 which inputs were utilized between the period 16-8-1987 and 30-12-1987? Held that:- The courts below were right in holding that Rule 57E was procedural, clarificatory and therefore would not affect the substantive rights of the manufacture of the specified final product to claim Modvat credit for the duty paid on the inputs subsequent to the date of the receipt of those inputs. Consequently, the respondent-manufacturer in the present case was entitled to take credit between the period 16-8-1987 to 30-12-1987 in the sum of Rs. 6,43,994.57. Appeal dismissed.
|