Credit of duty may cover inputs received before declaration, but filing of declaration remains mandatory under transitional rules. The Board clarifies that transitional credit of duty under Rule 57H may extend to inputs received prior to filing the declaration, but the statutory requirement of filing of declaration before availing the credit remains fully in force and has not been relaxed; field formations should be advised accordingly.
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Provisions expressly mentioned in the judgment/order text.
Credit of duty may cover inputs received before declaration, but filing of declaration remains mandatory under transitional rules.
The Board clarifies that transitional credit of duty under Rule 57H may extend to inputs received prior to filing the declaration, but the statutory requirement of filing of declaration before availing the credit remains fully in force and has not been relaxed; field formations should be advised accordingly.
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