Whether Explanation to Rule 57A of Central Excise Rules, 1944 substituted by Notification No. 197/86, dated 14-3-1986 can be given retrospective effect - Regarding

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..... Circular No. 6/89 Dated 21-3-1989 [From F. No. 267/119/87-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Whether Explanation to Rule 57A of Central Excise Rules, 1944 substituted by Notification No. 197/86, dated 14-3-1986 can be given retrospective effect - Regarding. I am directe .....

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..... ar explanation inserted in Rule 56A vide Notification No.118/80, dated 9-7-1980 was given retrospective application. It has therefore been decided that Modvat credit will be admissible on the inputs manufactured in a factory and captively used for manufacture of final product right from the inception of Rule 57A i.e., from 1-3-1986 itself. This disposes of The Collector of Central Excise, Calc .....

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