https://www.taxtmi.com/caselaws?id=82763 Deletion of clause (ii) from Rule 57H(1) confined transitional Modvat credit to inputs lying in stock as such and excluded inputs already used in manufacturing finished goods. The expression "inputs in stock" was construed narrowly to mean goods present as inputs, not materials converted into final products. The omitted category could not be read back into the rule by interpretation, and the later reintroduction of that coverage confirmed the earlier deletion. Transitional credit was therefore not admissible for inputs contained in final products lying in stock after 5-5-1989. en-us Fri, 30 Apr 1993 00:00:00 +0530 Thu, 07 Jul 2011 11:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82763 Deletion of clause (ii) from Rule 57H(1) confined transitional Modvat credit to inputs lying in stock as such and excluded inputs already used in manufacturing finished goods. The expression "inputs in stock" was construed narrowly to mean goods present as inputs, not materials converted into final products. The omitted category could not be read back into the rule by interpretation, and the later reintroduction of that coverage confirmed the earlier deletion. Transitional credit was therefore not admissible for inputs contained in final products lying in stock after 5-5-1989. Case-Laws Central Excise Fri, 30 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82763