https://www.taxtmi.com/caselaws?id=82233 Under the amended MODVAT transitional provision, duty-paid inputs received immediately before filing the declaration could qualify for credit where the statutory conditions were satisfied. The text explains that, once permission to avail MODVAT credit was granted after the amendment to Rule 57H, the amended rule governed entitlement and the earlier restrictive version should not defeat the benefit. It also notes a liberal interpretation of the phrase concerning inputs received immediately before the declaration, consistent with the scheme's purpose. On that basis, reversal of credit under Rule 57I was treated as unsustainable. en-us Tue, 28 Jul 1992 00:00:00 +0530 Sat, 02 Jul 2011 17:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82233 Under the amended MODVAT transitional provision, duty-paid inputs received immediately before filing the declaration could qualify for credit where the statutory conditions were satisfied. The text explains that, once permission to avail MODVAT credit was granted after the amendment to Rule 57H, the amended rule governed entitlement and the earlier restrictive version should not defeat the benefit. It also notes a liberal interpretation of the phrase concerning inputs received immediately before the declaration, consistent with the scheme's purpose. On that basis, reversal of credit under Rule 57I was treated as unsustainable. Case-Laws Central Excise Tue, 28 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82233