https://www.taxtmi.com/caselaws?id=77966 Rule 4(2)(a) of the CENVAT Credit Rules, 2001 limited credit on capital goods received in the relevant financial year to 50% of the duty paid in that year, with the balance admissible only later under the rule. The later proviso allowing 100% credit from 01.03.2002 could not be applied retrospectively to the earlier period, and Sections 21 and 24 of the General Clauses Act, 1897 could not enlarge the entitlement where Section 38A of the Central Excise Act, 1944 preserved the unamended position. The assessee was therefore not entitled to 100% CENVAT credit for that year. en-us Fri, 02 Jul 2010 00:00:00 +0530 Sat, 23 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77966 Rule 4(2)(a) of the CENVAT Credit Rules, 2001 limited credit on capital goods received in the relevant financial year to 50% of the duty paid in that year, with the balance admissible only later under the rule. The later proviso allowing 100% credit from 01.03.2002 could not be applied retrospectively to the earlier period, and Sections 21 and 24 of the General Clauses Act, 1897 could not enlarge the entitlement where Section 38A of the Central Excise Act, 1944 preserved the unamended position. The assessee was therefore not entitled to 100% CENVAT credit for that year. Case-Laws Central Excise Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77966