https://www.taxtmi.com/caselaws?id=73765 Rule 57A of the Central Excise Rules, 1944 did not expressly extend MODVAT credit to inputs manufactured within the factory and used captively in the manufacture of final products. Notification No. 197/86 introduced that benefit and, by making it operative from 14-3-1986, treated it as a new substantive concession rather than a mere clarification of existing entitlement. Credit was therefore not available for the period before that date, and the denial of MODVAT credit to the assessee was upheld. en-us Mon, 30 May 1988 00:00:00 +0530 Fri, 03 Jun 2011 14:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73765 Rule 57A of the Central Excise Rules, 1944 did not expressly extend MODVAT credit to inputs manufactured within the factory and used captively in the manufacture of final products. Notification No. 197/86 introduced that benefit and, by making it operative from 14-3-1986, treated it as a new substantive concession rather than a mere clarification of existing entitlement. Credit was therefore not available for the period before that date, and the denial of MODVAT credit to the assessee was upheld. Case-Laws Income Tax Mon, 30 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73765