https://www.taxtmi.com/caselaws?id=82551 Transitional Modvat credit was available under Rule 57H after the shift from proforma credit under Rule 56A, even though the declaration was filed later, because the rule covers inputs in stock or received after filing where the final products are cleared on or after 1-3-1987. The expression "immediately" was not read narrowly in isolation, as the object of the provision was to preserve credit eligibility during the transition once the statutory conditions were met. On that reasoning, credit was admissible for duty-paid inputs lying in stock and used in manufacture during the relevant post-1-3-1987 period. en-us Tue, 06 Aug 1991 00:00:00 +0530 Tue, 05 Jul 2011 18:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82551 Transitional Modvat credit was available under Rule 57H after the shift from proforma credit under Rule 56A, even though the declaration was filed later, because the rule covers inputs in stock or received after filing where the final products are cleared on or after 1-3-1987. The expression "immediately" was not read narrowly in isolation, as the object of the provision was to preserve credit eligibility during the transition once the statutory conditions were met. On that reasoning, credit was admissible for duty-paid inputs lying in stock and used in manufacture during the relevant post-1-3-1987 period. Case-Laws Central Excise Tue, 06 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82551