https://www.taxtmi.com/caselaws?id=73731 Rule 57H(2) of the Central Excise Rules, 1944 barred MODVAT credit for inputs on which duty was paid on or before 31 January 1986, but preserved credit where it had been otherwise allowable under Rule 57A or related provisions before 1 March 1986. On that basis, countervailing duty paid on imported chemicals used as inputs in resin manufacture after 31 January 1986 was treated as eligible, and the transitional scheme was read to cover duty-paid inputs in stock as on 1 March 1986. Where two constructions were possible, the interpretation favourable to the assessee was adopted. en-us Mon, 07 Mar 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73731 Rule 57H(2) of the Central Excise Rules, 1944 barred MODVAT credit for inputs on which duty was paid on or before 31 January 1986, but preserved credit where it had been otherwise allowable under Rule 57A or related provisions before 1 March 1986. On that basis, countervailing duty paid on imported chemicals used as inputs in resin manufacture after 31 January 1986 was treated as eligible, and the transitional scheme was read to cover duty-paid inputs in stock as on 1 March 1986. Where two constructions were possible, the interpretation favourable to the assessee was adopted. Case-Laws Central Excise Mon, 07 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73731