Duty credit continuity after reclassification; credit remains allowed if it was allowable immediately before tariff Act commencement. The amendment adds sub rule (8) to rule 56A providing that, notwithstanding any change in nomenclature or classification upon commencement of the Central Excise Tariff Act, 1985, the credit of duty on any material, component parts or finished product shall be allowed if such credit was allowable immediately before that commencement under rule 56A or under a notification issued under rule 8 requiring the Schedule procedure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty credit continuity after reclassification; credit remains allowed if it was allowable immediately before tariff Act commencement.
The amendment adds sub rule (8) to rule 56A providing that, notwithstanding any change in nomenclature or classification upon commencement of the Central Excise Tariff Act, 1985, the credit of duty on any material, component parts or finished product shall be allowed if such credit was allowable immediately before that commencement under rule 56A or under a notification issued under rule 8 requiring the Schedule procedure.
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