https://www.taxtmi.com/caselaws?id=85438 Rule 57H transitional Modvat credit was construed in harmony with the substantive credit scheme, so inputs lying in stock on the declaration date were eligible for the benefit available under the rules. A demand for reversal raised within six months of granting credit was treated as an authorised recovery action under Rule 57I, not an impermissible review of the earlier permission. The phrase "duty paid on inputs" was held to include the notional higher credit available for inputs received from small scale industrial units under the deeming fiction in Rule 57B, unless expressly excluded. The demand was therefore unsustainable and consequential relief followed. en-us Wed, 08 May 1996 00:00:00 +0530 Fri, 05 Aug 2011 10:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85438 Rule 57H transitional Modvat credit was construed in harmony with the substantive credit scheme, so inputs lying in stock on the declaration date were eligible for the benefit available under the rules. A demand for reversal raised within six months of granting credit was treated as an authorised recovery action under Rule 57I, not an impermissible review of the earlier permission. The phrase "duty paid on inputs" was held to include the notional higher credit available for inputs received from small scale industrial units under the deeming fiction in Rule 57B, unless expressly excluded. The demand was therefore unsustainable and consequential relief followed. Case-Laws Central Excise Wed, 08 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85438