https://www.taxtmi.com/caselaws?id=80429 Credit earned under the pre-MODVAT Rule 56A procedure, though quantified and sanctioned only after MODVAT commenced because proceedings were pending, was treated as deemed available before the new regime began. The construction adopted gave effect to the scheme's object, so the credit was regarded as lying in R.G. 23 and transferable to R.G. 23A under Rule 57H(3). On that basis, credit attributable to the earlier period was eligible for transfer despite the later sanction. en-us Wed, 31 Jan 1990 00:00:00 +0530 Thu, 16 Jun 2011 17:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80429 Credit earned under the pre-MODVAT Rule 56A procedure, though quantified and sanctioned only after MODVAT commenced because proceedings were pending, was treated as deemed available before the new regime began. The construction adopted gave effect to the scheme's object, so the credit was regarded as lying in R.G. 23 and transferable to R.G. 23A under Rule 57H(3). On that basis, credit attributable to the earlier period was eligible for transfer despite the later sanction. Case-Laws Central Excise Wed, 31 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80429