https://www.taxtmi.com/caselaws?id=81163 Rule 57H was applied as a transitional MODVAT provision to extend credit where inputs were received before the dated acknowledgement of the Rule 57G declaration. The expression "immediately before" was construed as meaning the period preceding the declaration date, so inputs used in manufacturing final products cleared on or after 1 March 1987 could qualify. On the facts, the ship received for breaking was treated as the relevant input and the resulting scrap as the final product, so credit could not be denied merely because some clearances had begun before the declaration was filed. MODVAT credit was therefore admissible for the disputed clearances. en-us Tue, 03 Apr 1990 00:00:00 +0530 Wed, 22 Jun 2011 18:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81163 Rule 57H was applied as a transitional MODVAT provision to extend credit where inputs were received before the dated acknowledgement of the Rule 57G declaration. The expression "immediately before" was construed as meaning the period preceding the declaration date, so inputs used in manufacturing final products cleared on or after 1 March 1987 could qualify. On the facts, the ship received for breaking was treated as the relevant input and the resulting scrap as the final product, so credit could not be denied merely because some clearances had begun before the declaration was filed. MODVAT credit was therefore admissible for the disputed clearances. Case-Laws Central Excise Tue, 03 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81163