https://www.taxtmi.com/caselaws?id=81858 Rule 57H(1) of the Central Excise Rules, 1944 was construed purposively as a transitional Modvat provision. The expression "immediately before" was read broadly to mean inputs received preceding the date of declaration, not merely the last consignment before filing under Rule 57G(1). Where the statutory conditions of stock and duty-paid inputs were otherwise satisfied, Modvat credit remained admissible on inputs received before declaration. A narrower reading was rejected because it would defeat the scheme's transitional object and create anomalies in credit availability. en-us Wed, 06 May 1992 00:00:00 +0530 Wed, 29 Jun 2011 13:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81858 Rule 57H(1) of the Central Excise Rules, 1944 was construed purposively as a transitional Modvat provision. The expression "immediately before" was read broadly to mean inputs received preceding the date of declaration, not merely the last consignment before filing under Rule 57G(1). Where the statutory conditions of stock and duty-paid inputs were otherwise satisfied, Modvat credit remained admissible on inputs received before declaration. A narrower reading was rejected because it would defeat the scheme's transitional object and create anomalies in credit availability. Case-Laws Central Excise Wed, 06 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81858